Massive withdrawal of Bitcoin

[Benedictare]

 For Bitcoin volatility to reduce, the necessity of considering the inflow of smaller users that are not really exchange traders but does make smaller transfer , increasing exchange volume on- chain transfer value and also the price of Bitcoin by itself will grow up volatility of cryptoassets, a large flow of small non exchange dealers is need to reduce volatility .

   Bitcoin volatility directors are cross checked through instrumental variables , increase traded volume,the price and increases transfer volatility.  

[dansus021]

Quite funny how no one really is a long term holder as they claim to be #not referring to you#, bitcoin offers a greater  empowerment to people that hold longer cause you have more chances to get greater returns than short term investors while I'm not against this I just prefer to advice not to sell all your assets at once or at all, but instead sell some portion and keep on accumulating when the bear comes again.

Yeah I know and that is totally fine there are dozens of diamond hand and Bitcoin maximalists out there and some of them really have decent job or have plenty of money so they didn't care about the price and keep accumulating and HODL

and like you have said before than I only sell my portion not all of it and you know what Im talking about haha. From this point it would be so hard for bitcoin to reach the level 20K again hahah

Keep Accumulate and keep HODL guys

[Bushdark]

I think the big whales are still holding there assets because the journey is still and long and there is more for them to benefit in the market. The price of Bitcoin is still going to reach 100k so we should not be too fast to make little profits and withdraw the funds to swap it in centralized exchanges. We should  not have the mentality of taking profit too early because it might have a big consequences on us if we don't know what we are doing and not chance for us to buy again when price goes down a little.

[adpinbr]

Yes, that is how the bitcoin market works each time the number of withdrawal go higher it may affect the bitcoin market, sometimes with drawing of bitcoin does not mean they are selling it or converting to Cash. They may withdraw to their other wallet, so it is a whole different thing. That is why the decrease of bitcoin price is because of the trend that is happening at the particular time. Also When  demand is much the price goes higher, the price of bitcoin doesn’t require this analysis to effect it to fall,it sometimes else that make bitcoin to decrease in. I only follow what is going on online and news consigning Bitcoin sometimes I get the notification that bitcoin with for  before it actually happened.

[uneng]

Bitcoin's price is heavily volatile and manipulated by the big players of the market, however, I noticed this volatility is decreasing slowly when compared to previous periods of time, what means Bitcoin has been already much more volatile than it is right now in 2024. That is good news for investors, because it helps increasing optimism among them, and decreases the fear potential investors have when thinking about investing in Bitcoin, exactly due to the volatility factor. The more Bitcoin becomes splitted among more hands, less volatility we have.

For that reason, always there is a crash in price, it's interesting that average investors immediately purchase every coins dropped for sale in the market for a cheap price, because this way they are helping Bitcoin to become more decentralized, getting the coins away from the whales' hands who are constantly attempting to manipulate the market for their own personal gains. It's not an easy tasks, because these whales act with strategies and methods, but at same time it's undeniable they are getting less influent on long run. That is really good for Bitcoin and its sustainability as crypto currency and asset!

[philipma1957]

Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.

Remember that not all are able to hold long-term, some are selling off their coins when the price hits their target. This practice is not quite new in the market but I have no argument with such a thing because we know that in order to earn a profit, then we also have to sell them. As long as we are selling high than the buying price, that is a good idea. In fact, we are not meant to hold forever and I don't think there is.

Buy, Hold, and Sell - that is how it works. People are buying during the bear season in preparation for the bull season to make money. Therefore, we can expect them to sell their Bitcoin at this time.

yep. someone gets in at 16k nov 2022 and sells at 64 or 70k.

We drop and bulls ramp up and push it to 80k.

some that got in at 16k set 80k to sell.

[hd49728]

Bitcoin's price is heavily volatile and manipulated by the big players of the market, however, I noticed this volatility is decreasing slowly when compared to previous periods of time, what means Bitcoin has been already much more volatile than it is right now in 2024. That is good news for investors, because it helps increasing optimism among them, and decreases the fear potential investors have when thinking about investing in Bitcoin, exactly due to the volatility factor. The more Bitcoin becomes splitted among more hands, less volatility we have.

With bigger market cap, this market will have less volatility and chances will be smaller.

I don't believe Bitcoin and cryptocurrency market soon will have better stability because generally, total market cap of cryptocurrency market is still very small compares to other traditional markets. There is plenty of rooms for market manipulation and whales from traditional markets can easily bring their capital to cryptocurrency market to pump and dump it easily, with support of news, FUD.

[GeorgeJohn]

Yes, that is how the bitcoin market works each time the number of withdrawal go higher it may affect the bitcoin market, sometimes with drawing of bitcoin does not mean they are selling it or converting to Cash. They may withdraw to their other wallet, so it is a whole different thing. That is why the decrease of bitcoin price is because of the trend that is happening at the particular time. Also When  demand is much the price goes higher, the price of bitcoin doesn’t require this analysis to effect it to fall,it sometimes else that make bitcoin to decrease in. I only follow what is going on online and news consigning Bitcoin sometimes I get the notification that bitcoin with for  before it actually happened.

People really make a massive withdrawal in bitcoin whenever they obtain an information that the price of bitcoin is going to be fall, so people use that fear to withdrawal their bitcoin so that they will not be at loss whenever the price of bitcoin falls, why when people always develop interest to buy bitcoin is whenever they hear the price of bitcoin going up, unlike as the price bitcoin hits seventy thousand and as it was rising many people continue to ask questions if its good for them to invest in bitcoin right now, so bitcoin investment is something you have to know your target before you invest.

[Lanatsa]

Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.

Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.

There's a word that we called "PROFIT TAKING" on which this would really be something that would really be normal to consider out since we know that this market isnt something that you could really be able to
assure of for you to make some money and come to think that one of the reasons on why we've been dealing with this market is that we do tend to aim to make profits. So its normal that there would really be those huge dumps then there would be those people who would be taking profits specially into those people who had bought on the bottom on which it would really be just that a common approach to have.

Unless if you are a long term holder then this wont really be an issue but if you are someone who do make out some short trades then it would be something that matter to you about these movements.
This is why it would really be always best that you should really make yourself wary on what are the probable things that could happen. Profit taking is normal and you shouldnt make yourself
that getting shocked with it.

[Mpamaegbu]

Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards.

Price needs to spike and dump from time to time to allow the market breathe. Don't expect Price Action to move in one direction, whether up or down. Both movements must be present to show a healthy market. It's the activities of buyers and sellers that work out the charts you see. You observed that price dumped to $38k from $48k after the ETF was approved. It went down so it could go up, going from that $38k dump to a record breaking $73,700. It's now trading around $62k. It's the same way it will pick before halving only to dump again after halving. Understand this thing about the market and your expectations won't be dashed everytime price dumps.

[amihada]

The aim of investment is to make a profit. Now for those who hold Bitcoin, it's time to sell it because it's clear to make a profit. Except for those who buy Bitcoin as a collection, not for investment, they won't sell their Bitcoin because their goal is not to make a profit.

[Mauser]

Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.

Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.

It's true that when reaching a new bitcoin ATH it becomes harder to hold on to our hodl wallet. It would be very easy to give into the selling pressure and take a profit now. But then is the big question what are we going to do with our money instead. Just selling all our coins to go on vacation or to buy a new car doesn't seem like a good idea. Investing into something else is also tricky, because gold and stocks are at ATHs as well, and with cash it's just going to be eaten up by inflation. I am going to keep holding my coins. What I don't understand is why so many people are selling their coins into falling prices after the ATH. People weren't willing to sell their coins at 50,000 usd when prices were on the rise. But once prices are falling people will be willing to sell at much lower prices.

[Vinaa77]

It's true that when reaching a new bitcoin ATH it becomes harder to hold on to our hodl wallet. It would be very easy to give into the selling pressure and take a profit now. But then is the big question what are we going to do with our money instead. Just selling all our coins to go on vacation or to buy a new car doesn't seem like a good idea. Investing into something else is also tricky, because gold and stocks are at ATHs as well, and with cash it's just going to be eaten up by inflation. I am going to keep holding my coins. What I don't understand is why so many people are selling their coins into falling prices after the ATH. People weren't willing to sell their coins at 50,000 usd when prices were on the rise. But once prices are falling people will be willing to sell at much lower prices.

If we cannot hold the amount of Bitcoin that we have collected and have made a profit, then we can take some of the profits that we have made to enjoy it and leave more for us to invest and choose to keep holding, of course this is very good compared to choosing to sell them and think about other investments as you have mentioned and those who sell their coins at a loss of course they are not able to hold on and they really panic when they see the price decrease and decide to sell even though they are at a loss.

[Emmanuelex]

People are always going to sell when there is a massive upturn like this. It's a thing of choice, and a lot of people will always choose to sell, same as there are those who are holding on strongly and hoping for more increase. It doesn't slow down Bitcoin or anything, it is normal for Bitcoin to be volatile, and the price will always recover after every fall.

[Rockstarguy]

The aim of investment is to make a profit. Now for those who hold Bitcoin, it's time to sell it because it's clear to make a profit. Except for those who buy Bitcoin as a collection, not for investment, they won't sell their Bitcoin because their goal is not to make a profit.

For sure those that started hodling when the price of bitcoin was very low will definitely want to sell out because they might have gained enough profit which they can sell with the price of bitcoin . For those who started investing in Bitcoin longtime ago when the price was low , I don't think it will be a bad idea for them to sell because the essence of investing bitcoin is to make profit. It is expected for this to happen when the price of bitcoin has increased so much for investors to gain profit.

This time that the price of bitcoin is high people have a target of when to sell, so don't think people keep hodling till the price get to the tip.those who bought bitcoin late will try to keep their bitcoin to gain profit in the bull run.

[bettercrypto]

I think the big whales are still holding there assets because the journey is still and long and there is more for them to benefit in the market. The price of Bitcoin is still going to reach 100k so we should not be too fast to make little profits and withdraw the funds to swap it in centralized exchanges. We should  not have the mentality of taking profit too early because it might have a big consequences on us if we don't know what we are doing and not chance for us to buy again when price goes down a little.

I also believe that the whale investors have not yet sold their bitcoin holdings. Especially among companies that have been approved by the SEC in the bitcoin spot, Etf is still continuing to buy and accumulate bitcoin.

It's even a bit worrying because the other resellers are, of course, bought by institutional investors. Almost every day they buy something; try to imagine that, and take note that it is more than 1 bitcoin they always buy every day. And they are also the only ones who get other bitcoins from centralized exchanges, which is why the exchanges hold very few bitcoins, according to what I know.

[m2017]

Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.

Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.

Don't like the way markets "work"? It's like inhaling and exhaling (with a balloon - not to be confused with a soap bubble): when the market inflates due to capital inflows and then deflates. As soon as money has flowed into the system (bitcoin has increased in price), some of the early owners sell bitcoin (receive fresh money from new investors), which is why the price is adjusted. This volatility will continue until the cryptomarket matures (it's a new market now) due to capitalization (increase). Over time, the amplitude of volatility may become smaller and less noticeable, that is, the market will be more stable. In theory, this should happen, but the cryptomarket has not yet reached this stage, which is why you see "the price automatically starts experiencing a dip after every massive withdrawal".

[AnonBitCoiner]

This is true now the price is so lower that once it touched 73k$ again then people will quickly sell their bitcoin which will lead to the massive drop in price of Bitcoin. I think there is not a continues pump or dump but the price changes when there are certain bad or good news and also selling and buying percentage put huge impacts on Bitcoin's value.

These all changes are temporarily and once the market recover back then the price goes higher again like that was after bitcoin ETF when price was lower but again it increased and reached to 73k$ and creations of new ATH took place. So buying and selling have impact but that is temporary because some will buy and other will sell so market Fluctuates greater and sometimes due to correction the price get reduces.

[goldkingcoiner]

I mean, that's how markets in general work? An asset's price pumps(bitcoin or not), some people will be taking profit, and the price is likely to have a correction after. What will make an asset's price more stable is mostly more market participants.

Yes, this is the basic economics. The coins are limited in numbers. That is the price of the coin increases when more people buy the coins. Now once the price goes up, many people start selling the coins. Hence the price goes down and we see a correction in the price. This circle goes on like this and it’s pretty common I must say. Long term holders always wait for opportunities like this, and they make good profits from it.

And the ones who take profits from Bitcoin pumps always miss out on even larger pumps. So I do not see it as 'taking profit' but rather losing profit due to greed. You could also call it panic-selling. Or rather a less extreme version of panic-selling because they do it during a pump instead of during a dump. Either way, the hodler is the real winner in the end.

[Troytech]

Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.

Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.

Bitcoin is a commodity and not every one views it same way, some as a means to get quick profits others as a long term investment, and it's normal to expect selling due to FOMO from such investors cause they must have made their profits from bitcoin and the rest of I is just fear if the bull run woudl continue and no one want to allow the marker to rest on him so they have to rush to get their profits off the market which is in a way wrong to me.

You also need to understand the concept of trends, bitcoin gains value due to scarcity and high demand while it reduce value when there is much supply of bitcoin which happens when people sell, right now that shouldn't be a big problem and those selling woudl be at very high risk if they are not buying back soon cause the ETF buys a portion of every available supply of bitcoin thereby promoting the momentum of this bull and moreover the halving is yet to happen and this much FOMO then what about after.