What could have sparked an increase in Bitcoin Whales

[stompix]

The statistical chart indicates an increase in the number of Bitcoin addresses holding more than 100 BTC, suggesting that whales are growing in number as many continue to view Bitcoin as an investment asset. Therefore, rather than selling your Bitcoin for whales to acquire it, consider holding on instead.

Those charts are also very misleading
- first, the number of coins grows each day, statiticlly it's impossible for addresses under 10BTC over 100BTC under 1000 BTC to keep being the same, back when Satoshi was mining, there was no address with over 10 000 BTC for a while, because in the first months it would have been impossible mathematically
- an address doesn't mean a single owner; there are also custodial addresses
- a single person can generate multiple of those by just splitting their coins into different addresses; for example, Coinbase doesn't hold it's coins for the custodial service in just one address but in multiple smaller multisig addresses for security.

Also, a chart without zero on that axis should be banned
That whole increase is from 19250 to 20 250 in a year, so, less than 4%!

Don't Allow Whales to Acquire Your Bitcoin

Are you a commie?

[Botnake]

When big financial institutions start to buy and hold bitcoin and view it as a large investment asset, bitcoin whales automatically move to stack larger amount of bitcoin. And as major institutions targeting bitcoin continue to grow, the number of bitcoin whales also increased and continue to compete with large bitcoin investors.

High competition suddenly arise in the market, especially in times of bull run, especially in times where bitcoin is again heading to its new all time high. When bitcoin price double or triple its amount, always expect the whales to continue hoarding bitcoin.

[Livingleged]

My theory. When BTC dropped, they bought it at low prices until recently when the rise started, so they moved the Bitcoins to personal addresses to hold them securely long term. To me it's a sign that we have quite a number of folks that have moved BTC out of the exchanges and are waiting for a bull run.

I’m going to agree with your theory too. However I’m also thinking it’s might be for security reasons as well, looking back to some wallet compromised issues that came up recently might be the reasons for the movement of those bitcoins to a safer address probably and that moved the market aswell.

That said, do you think they'll continue accumulating Bitcoin should the market decides to make more corrections? Should that happen, I think their action will better tell us how confident they are in holding.

If they continue to accumulate, corrections is definitely going to take place unless there is otherwise we should expect the price to continue move in the current direction, I think the bear has just ended and we are moving to the next bull run.

[Hamza2424]

Don't Allow Whales to Acquire Your Bitcoin


https://x.com/i/status/2093441545911357795

The statistical chart indicates an increase in the number of Bitcoin addresses holding more than 100 BTC, suggesting that whales are growing in number as many continue to view Bitcoin as an investment asset. Therefore, rather than selling your Bitcoin for whales to acquire it, consider holding on instead.

Some are also speculating that the recent bull run could also have been part of what contributed to an increase in Bitcoin investors (whales). It is interesting to discover that we have been experiencing an increasing rate of Bitcoin adoption.

So bro, is it really your advice? Don't sell to whales haha.

Someone is always on the other side buying, if not whales then maybe the exchange or institutions but they usually make OTC deals with the exchanges or some big sellers. But still you don't get to choose your counterparty and don't give this an image like a plot from enemies that are whales, because they are just accumulating and if someone is also accumulating and wants to sell they should sell.

By the way, if fund managers like BlackRock are also being counted in these 100 BTC wallets then indirectly they are not whales, people on the other hand investing via IBIT are not whales, so.

If you can afford to hold according to your situation then hold, don't do it because you don't want whales on the other side to get more BTC haha.

[Ziskinberg]

Bitcoin whales are like the great and mighty ones in the market. They will never stop chasing opportunities to maximize their bitcoin holdings, even if it means deceiving the small scale investors and sell their coins to them. However, I won't advise also to never sell your coins. You sell your coins when you reach your target selling price, but you can consider selling only a portion of bitcoin and hold the rest for future, bigger profits.

Whales are everywhere, even in stocks or bonds, or in different assets aside from bitcoin. We don't hear that they grow less in number, but they will always make smart moves to keep increasing in number and even diversify their assets after.

[uchegod-21]

Don't Allow Whales to Acquire Your Bitcoin


https://x.com/i/status/2093441545911357795

The statistical chart indicates an increase in the number of Bitcoin addresses holding more than 100 BTC, suggesting that whales are growing in number as many continue to view Bitcoin as an investment asset. Therefore, rather than selling your Bitcoin for whales to acquire it, consider holding on instead.

Some are also speculating that the recent bull run could also have been part of what contributed to an increase in Bitcoin investors (whales). It is interesting to discover that we have been experiencing an increasing rate of Bitcoin adoption.

So bro, is it really your advice? Don't sell to whales haha.

Someone is always on the other side buying, if not whales then maybe the exchange or institutions but they usually make OTC deals with the exchanges or some big sellers. But still you don't get to choose your counterparty and don't give this an image like a plot from enemies that are whales, because they are just accumulating and if someone is also accumulating and wants to sell they should sell.

By the way, if fund managers like BlackRock are also being counted in these 100 BTC wallets then indirectly they are not whales, people on the other hand investing via IBIT are not whales, so.

If you can afford to hold according to your situation then hold, don't do it because you don't want whales on the other side to get more BTC haha.

I smiled reading the OP. Truly, if OP had that much capital as whales have, he would have accumulated more, maybe more than what these people we call whales have accumulated already. I also don't like that part where OP advised us not to sell to whales because they are buying more bitcoin. Do we really have that much control over it? No, we can't control who buys or sells bitcoin from us or to us, except those whom we interact with directly.

I do not want anyone hodling bitcoin with the fear of losing it to whales. No, they are not enemies, and when there is a need to sell, still sell comfortably because you want to sell. The point of this whole post is to make sure we do not act under emotions.

[mirakal]

You know bitcoin whales are unstoppable. Even if bitcoin price drops or surges high, bitcoin whales will definitely grow its number, while some whales are just spreading out their bitcoin holdings in different addresses. That's because they are always seeing huge potentials of bitcoin in advance, regardless of its current price. If we will chose to adapt this kind of mindset, then we won't question what spark them to increase, because we already understand the reason and purpose of being a bitcoin whale.

Let's be realistic, everyone aims to be a bitcoin whale, unfortunately only few can afford it and have the financial edge to gain maximum amount of bitcoin.

[Darker45]

Unfortunately, it seems it's mainly the retail investors that are feeding these whales. They're the ones who are easily affected by the ups and downs of the price. They're the ones who easily get emotional. They're the ones who can easily be manipulated by these whales.

It's most likely that the whales themselves are the ones who usually initiate a correction. Retail investors react out of fear and panic. The whales enjoy the food, coins at a bargain price. The price rebounds, retail investors react again out of FOMO, and the whales are locking in their profits.

And the cycle continues.

[Outhue]

Charts like this are slow to be honest, it's not as if any whale buy Bitcoin right now the chart will react, there is no way to accurately monitor these whales perfectly, they will use their hot wallet to accumulate and later move to their cold storage, I've heard few of them speak on YouTube before, and this is likely what most of them do, so how will the chart be accurate? Not until they move the bought Bitcoin into their cold storage, I wouldn't bother with this charts, why not become a Bitcoin whale myself? This is the goal, should be the same for many of us on here, don't you think?

[MusaMohamed]

Charts like this are slow to be honest, it's not as if any whale buy Bitcoin right now the chart will react, there is no way to accurately monitor these whales perfectly, they will use their hot wallet to accumulate and later move to their cold storage, I've heard few of them speak on YouTube before, and this is likely what most of them do, so how will the chart be accurate? Not until they move the bought Bitcoin into their cold storage, I wouldn't bother with this charts, why not become a Bitcoin whale myself? This is the goal, should be the same for many of us on here, don't you think?

Bitcoin accumulation in huge amount needs time and you can see how Bitcoin Spot ETFs buying and accumulating bitcoins since January 2024. Institutional investors are smart enough to know that they should never use all capital they have to buy bitcoin in one day or one week. They know how the supply and demand principle works not only in Bitcoin market but also in other markets.

They also are aware about magic efficiency of Dollar Cost Averaging strategy and they apply it for their bitcoin accumulation with huge capital too.

We as retail investors can not compete with whales and institutional investors in capital but we have great advantage of flexibility and entry as well as exit rate. We can join and exit the Bitcoin market very easily and quickly, more considerable than what whales and institutional investors need.