Bitcoin accumulation at all time high

[Casdinyard]

Everything’s a sign of a coming bull run when you’re expecting a bull run. Could it be that it’s the other way around and these people are buying this much bitcoin in a small spam of time so they could prepare and not necessarily cause the bull run to happen?

It could be anything. It could be the sign of the second coming of jesus christ at this point. Thing is we have to be very specific., signs are only signs if they signify something that is to come without any confusion and doubts over it. We’re not even sure if the bull run’s really going to come next year cause we don’t really have much going for us except the halving. Best to silently prepare instead of evangelically proclaiming shit.

[Franctoshi]

Due to the upcoming Bitcoin halving in 2024, investors are seriously taking their position in the market and getting ready for the main event, And I think this suggests the increasing number of purchases of BTC we are experiencing lately. However, this does not ascertain that the bull run has begun, A Bull run comes when the rate of Demand for Bitcoin exceeds the rate of supply for Bitcoin,  thereby triggering what we call a supply shock.

[FanEagle]

This shouldn't come as a surprise to anyone, we are getting near to halving and everyone is expecting the price to go up, because everyone is expecting that people are buying and not selling, aka accumulating.

This may confuse some people since the price is not going up, but the amount you do it daily doesn't mean much on a trading volume per day, if you end up taking out 10 million dollars worth of it every single day, that wouldn't look like a lot of money but over course of a year it's huge. That is why it is going to be good this period and people are accumulating and it is fine. I get that it is not that common for some people to have something like that but that is just the reality and shouldn't come as a surprise to anyone. I hope that it will continue.

[DapanasFruit]

More and more people as well as financial institutions can see and feel that Bitcoin is really brewing something especially in 2024 so as early as possible they already got their wallets filled with Bitcoin. Compared to other assets available, Bitcoin remains to be one of the most attractive in terms of ROI and I am not wondering why even some big banks are also into Bitcoin and even accepting clients for them to also hold BTC in their portfolio. Are we going to experience a real and lucrative bull run next year? Well, am hoping so...that is why today is the best time to accumulate.

[Youngkhngdiddy]

More and more people as well as financial institutions can see and feel that Bitcoin is really brewing something especially in 2024 so as early as possible they already got their wallets filled with Bitcoin. Compared to other assets available, Bitcoin remains to be one of the most attractive in terms of ROI and I am not wondering why even some big banks are also into Bitcoin and even accepting clients for them to also hold BTC in their portfolio. Are we going to experience a real and lucrative bull run next year? Well, am hoping so...that is why today is the best time to accumulate.

  More than an investment, cryptocurrencies are an ongoing technology and socioeconomic experiment. As a result, the blockchain space is booming with new opportunities. With an approximate market cap of $280billion, rest assured that this industry is here to stay. This new industry is constantly evolving, therefore the earlier you get acquainted with it, the higher your chance are if benefitting from its future development. Bitcoin’s future is assured; it’s well beyond the point of no return now… it will become the world’s reserved currency simply out of the fact that it’s always a safe place to put your money when your government (inevitably) acts poor.
  In Cyprus they already demonstrated this when their government stole money out of everyone’s bank account. In Argentina they are currently demonstrating this as their government is drastically inflating their currency. All of the major world governments are extremely in debt right now, all borrowing Hugh amount to pay the interest of previous debts…. We are teetering on the edge of a collapse that cannot be stopped without bitcoin. When major currencies like the yen, U.S dollars and Euro collapse, bitcoin will be there for you to put your wealth into, and there’s is nothing governments can do to stop that. How could it go away then ?

[lixer]

Everything’s a sign of a coming bull run when you’re expecting a bull run. Could it be that it’s the other way around and these people are buying this much bitcoin in a small spam of time so they could prepare and not necessarily cause the bull run to happen?

It could be anything. It could be the sign of the second coming of jesus christ at this point. Thing is we have to be very specific., signs are only signs if they signify something that is to come without any confusion and doubts over it. We’re not even sure if the bull run’s really going to come next year cause we don’t really have much going for us except the halving. Best to silently prepare instead of evangelically proclaiming shit.

Many of us are expecting for a bull run but no, we don't consider everything as a sign of bull run because there are negative events that are also happening. We can rather expect that the price will dip again for a while.

We all here invest to profit, so I don't think there are people who invest that are not necessarily for the bull run. That Jesus Christ you are saying is funny, lol. There is no way it is possible but maybe I will believe more if you say another world war can happen but I don't wish for that of course. The reason why people are so confident about the upcoming bull run is because of the halving. It's not only about the sign but history tells it all.

[Sophokles]

Due to the upcoming Bitcoin halving in 2024, investors are seriously taking their position in the market and getting ready for the main event, And I think this suggests the increasing number of purchases of BTC we are experiencing lately. However, this does not ascertain that the bull run has begun, A Bull run comes when the rate of Demand for Bitcoin exceeds the rate of supply for Bitcoin,  thereby triggering what we call a supply shock.

To trigger a supply shock we need to create FOMO about bitcoin. Bitcoin ETF's approval is the perfect event for that and recent fake news already gave us a demo of how this supply shock will be. Price jump $30,000 in a matter of minutes. The opposite can also happens as customers of the bitcoin ETF will not buy any real bitcoin but instead will buy shares offered by asset manager so these asset managers can manipulate the market to accumulate bitcoin cheaply.

[benalexis12]

Source
https://cryptotale.org/bitcoin-whales-accumulate-71155-btc-in-6-weeks-nearing-all-time-high/

They have accumulated 71555 btc in less than 6 weeks. Is this a sign of coming bull run now ?

The whales in this industry really believe in Bitcoin because they know it will bring them huge profits in the future, to be honest. And they didn't make a mistake in believing here either.

Especially in times like this where there will be a halving in just a few months and as the bull season approaches. They saw that this was a good opportunity to actually accumulate Bitcoin instead of buying it when its price has gradually taken off in the crypto market.

[Ale88]

Source
https://cryptotale.org/bitcoin-whales-accumulate-71155-btc-in-6-weeks-nearing-all-time-high/

They have accumulated 71555 btc in less than 6 weeks. Is this a sign of coming bull run now ?

It could also mean that they are trying to manipulate the market selling a lot, dump the price, many people will get scared and then they buy again increasing even more their quantity. In my opinion we are going to have another important dump before the bull run will actually start, until now the market has been kind of boring, no real shakes.

[401kbitcoin]

It's just a good time for whales to accumulate as much bitcoin as possible before the next bull run.

[Smack That Ace]

Source
https://cryptotale.org/bitcoin-whales-accumulate-71155-btc-in-6-weeks-nearing-all-time-high/

They have accumulated 71555 btc in less than 6 weeks. Is this a sign of coming bull run now ?

It could also mean that they are trying to manipulate the market selling a lot, dump the price, many people will get scared and then they buy again increasing even more their quantity. In my opinion we are going to have another important dump before the bull run will actually start, until now the market has been kind of boring, no real shakes.

I'm thinking about that too, the market won't rush to increase prices from here until halving happens or bull season comes. There will be many corrections and another round of dumping to completely eliminate the last weak hands in the market. But the question is whether bitcoin will create a new bottom and lead a series of altcoins to create a new bottom or will bitcoin be dumped in the $20k-23k range? That's what I'm thinking but I'm leaning towards the scenario where we won't have a new bottom and the lowest bottom this bear season is $15k in 2021.

[Blitzboy]

More and more people as well as financial institutions can see and feel that Bitcoin is really brewing something especially in 2024 so as early as possible they already got their wallets filled with Bitcoin. Compared to other assets available, Bitcoin remains to be one of the most attractive in terms of ROI and I am not wondering why even some big banks are also into Bitcoin and even accepting clients for them to also hold BTC in their portfolio. Are we going to experience a real and lucrative bull run next year? Well, am hoping so...that is why today is the best time to accumulate.

  More than an investment, cryptocurrencies are an ongoing technology and socioeconomic experiment. As a result, the blockchain space is booming with new opportunities. With an approximate market cap of $280billion, rest assured that this industry is here to stay. This new industry is constantly evolving, therefore the earlier you get acquainted with it, the higher your chance are if benefitting from its future development. Bitcoin’s future is assured; it’s well beyond the point of no return now… it will become the world’s reserved currency simply out of the fact that it’s always a safe place to put your money when your government (inevitably) acts poor.
  In Cyprus they already demonstrated this when their government stole money out of everyone’s bank account. In Argentina they are currently demonstrating this as their government is drastically inflating their currency. All of the major world governments are extremely in debt right now, all borrowing Hugh amount to pay the interest of previous debts…. We are teetering on the edge of a collapse that cannot be stopped without bitcoin. When major currencies like the yen, U.S dollars and Euro collapse, bitcoin will be there for you to put your wealth into, and there’s is nothing governments can do to stop that. How could it go away then ?

Yes, the way society and the economy work now is changing, and cryptocurrencies are at the center of this huge shift (also AI). You are smart to see the blockchain as more than just a short-term but as a fundamental change in the way technology works. Around the world, governments are playing with fire because they have a lot of debt and their budgets aren't stable. Who gets hurt? People like those in Cyprus and Argentina. Its a theme that keeps coming up, right? When these well-known economic giants fall, Bitcoin stands tall and shines

One could, however, say that Bitcoin's inevitable rise to become a world reserve currency is both good and bad. Yes, Bitcoin is a safe haven from bad government management, but it also comes with its own problems because it is autonomous. Concerns about security, scalability, and acceptance are still there. Also, while the yen, the US dollar, and the Euro are all weak spots, calling for a crash might be too much. The question isnt just how long Bitcoin will last, but also how it fits into a world that has problems with money and strong conservative feelings.

[Gaza13]

This is not a sign of a bull market, basically when the bitcoin halving happens right then and there. When a whale buys a lot of bitcoins, and he sells his bitcoins, it can be a sign of a bear market. Also, see after the whale bought so many bitcoins, but the bitcoin market didn't increase or decrease. So no matter how many bitcoins the whale buys, it has nothing to do with the bull market, the bull market in bitcoin will basically happen after the halving.

Basically whales are smart in playing the role of playing the market for Dropping the price or being bearish and news on social media to panic everyone to sell their bitcoins, at the time plankton plankton sells in each size and in large quantities everyone sells, that's where the whales gobble it back with much more funds big. We should learn from them why they are so thirsty for more. In general, for everyone, every time we accumulate dca, it will definitely increase every following month. The important thing is that we are confident about this asset. Bitcoin has 4 yearly bearish and bull phases. We shouldn't be too provoked by the news out there, just keep accumulating as much as we can.

[Ayers]

The whales in this industry really believe in Bitcoin because they know it will bring them huge profits in the future, to be honest. And they didn't make a mistake in believing here either.

We are not them, so we don't know what they think about bitcoin, do they really believe in bitcoin or are they using it to manipulate us? Is Bitcoin a place for them to put their trust in or do they just see it as a game to make money from us. It's hard to know what whales are thinking.

Especially in times like this where there will be a halving in just a few months and as the bull season approaches. They saw that this was a good opportunity to actually accumulate Bitcoin instead of buying it when its price has gradually taken off in the crypto market.

The halving is approaching, whales know that there will be a bull season afterward, and we know it as well as everyone. So who will sell their bitcoins cheap for whales to buy and who will buy the whales' bitcoins when the price reaches the new ATH? Things are not so easy to predict, so be careful and have a clear plan instead of believing what the whales are saying.

[DabsPoorVersion]

The whales in this industry really believe in Bitcoin because they know it will bring them huge profits in the future, to be honest. And they didn't make a mistake in believing here either.

We are not them, so we don't know what they think about bitcoin, do they really believe in bitcoin or are they using it to manipulate us? Is Bitcoin a place for them to put their trust in or do they just see it as a game to make money from us. It's hard to know what whales are thinking.

Think of it this way. Rich people invest in real estate, they have learned it, spend all of their time on it, trust it, and make it their game to compete with other real estate investors, for what? Money. Whales do the same. Bitcoin is their kind of game on investment, they trust that in Bitcoin, their investment will grow.

Especially in times like this where there will be a halving in just a few months and as the bull season approaches. They saw that this was a good opportunity to actually accumulate Bitcoin instead of buying it when its price has gradually taken off in the crypto market.

The halving is approaching, whales know that there will be a bull season afterward, and we know it as well as everyone. So who will sell their bitcoins cheap for whales to buy and who will buy the whales' bitcoins when the price reaches the new ATH? Things are not so easy to predict, so be careful and have a clear plan instead of believing what the whales are saying.

There are still people who will sell early even in the bull season. Especially for those who do not have enough knowledge or need their money for some reason. They are most likely the ones who will miss the opportunity to sell at the highest peak of Bitcoin.

[Hamza2424]

Source
https://cryptotale.org/bitcoin-whales-accumulate-71155-btc-in-6-weeks-nearing-all-time-high/

They have accumulated 71555 btc in less than 6 weeks. Is this a sign of a coming bull run now?

According to the On-chain data analysis, we are in the early bull run but according to the sentimental analysis we are still moving in a confused range. 71K Bitcoins is a decent number and if take the timestamp into consideration as well it will reflect that not just a Bullish signal the traffic is already on the Bull rally.

OP it is that you've shared it here, but I think you could have made it more descriptive with some of your own comments, just a random suggestion.

[OgNasty]

I’m not sure watching a few wallets is enough to say that accumulation is at an all time high and I don’t think the current price supports that statement. I also don’t think it’s necessarily a good thing for Bitcoin that the largest holders are getting larger. I suspect this will lead to a pump down the line though when those big wallets want to start earning back from their investment.

[dzungmobile]

I’m not sure watching a few wallets is enough to say that accumulation is at an all time high and I don’t think the current price supports that statement.

On chain metrics are harder to manipulated but can be used by whales sometimes but I agree with you that it is not enough to conclude what will happen next based on on-chain metrics. Things can happen sooner or later than any prediction or forecast.

I also don’t think it’s necessarily a good thing for Bitcoin that the largest holders are getting larger. I suspect this will lead to a pump down the line though when those big wallets want to start earning back from their investment.

I believe the Pareto principle still works even with a decentralized cryptocurrency like Bitcoin but it would be correct if eliminate bitcoins of very early adopters or people who already lost it years ago.

We can not know how many Bitcoin lost and those coins belong to what wallets, addresses and all are estimations.

Pareto principle and Bitcoin owners
Bitcoin HODL waves.

[armanda90]

Anyone who have been following will understand that now is the best time to buy. So, I am not surprised seeing that many people are taking advantage of the low price of Bitcoin now. Before the end of this year, I don't think we will see the price as low as it is now. Mt.Gox refund is the only one huddle left to overcome before we see all positive news for Bitcoin.

Anyone still doubting will have to rethink because next year is filled with so much positive news for Bitcoin. 

The investors have start their planning invest in Bitcoin before halving time with potential will raise to higher price, have accumulated with bitcoin transaction volume depend on investors way accumulate or reinvesting in bitcoin prepare for close with halving. I don't think issues with Mt.Gox refund are trues because have been rumor more than last several years and this news try to make FUD and investor panic for selling their bitcoin.

Habit investment regarding close with halving, investor know and have experienced when almost close with halving bitcoin will up drastically and right now during on lower price become great opportunity filling their bracket for investing in bitcoin.

[Sophokles]

According to the On-chain data analysis, we are in the early bull run but according to the sentimental analysis we are still moving in a confused range. 71K Bitcoins is a decent number and if take the timestamp into consideration as well it will reflect that not just a Bullish signal the traffic is already on the Bull rally.

OP it is that you've shared it here, but I think you could have made it more descriptive with some of your own comments, just a random suggestion.

30k is a crucial zone for the bitcoin and below that level is an accumulation zone for bitcoin in the long run like 3 to 5 year timestamp. The recent bitcoin spike trap a lot of long position and if this fake news was intentional then those people will try to liquidate those long position which will cause a correction to the market. And to create a panic to the market a straight 25% fall is very realistic to think of.