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.

[Hamza2424]

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.

Yep, the OP was giving hints like whales are our enemies and his point might be correct to some extent only if whales control most of the supply, which right now they do not.

They can easily manipulate the market because back in 2020 or before 2024, whales had a reputation, now they don't because no matter how much they sell or buy, the market does not give a fuck haha.

They are lost in the sea of trillionaires and billionaires, since the ETFs have joined, and with more inflation and due to the halving the demand will increase, price will shoot, so does the market cap of BTC. Anyway, as we were discussing, we should not care about whales, or who is buying from us, we can't control shit, so let's live the day, by holding and making profit, and selling to use that in your life, instead of dying and inheriting it to your kids who will still do the same haha.

[Shadiq]

Bitcoin is proving itself in every cycle, these cycles have now become a regular occurrence. After each halving, a major misrun is seen which is almost much higher than the previous ATH. Since now we cannot expect 2x or 3x, because the Bitcoin market is now much bigger. But we can definitely expect a ATH 60%-70% increase in price. After the 2024 halving, the price increased by almost 2x.

Basically, because of this upward nature, when investors get the opportunity to buy at a low price, they buy as much as possible. Big (whale) investors are also attracted to Bitcoin after seeing these statistics of Bitcoin and are investing in Bitcoin. In the future, their number will increase further, some more institutions and countries may be involved in Bitcoin investment, which we can call whale investors

[Dreadboost]

The availability of Bitcoin in the market led to an increase in Bitcoin whales. This market sentiment has taught me one lesson. I now know that many holders of Bitcoin weren’t holding Bitcoin because of the value. They weren’t holding Bitcoin for a long term plan. The reason why they hold the Bitcoin is because they were waiting for a time to take profit. Bitcoin got the top gainers for the just concluded week. The influx of buyers and sellers willing to sell was pretty much this period. That’s not all yet. Those buying huge now are also waiting for Bitcoin to get above 100k to sell for profit. We do have lots of genuine holders anymore. Institutions and treasuries are the number one long term holders.

[Findingnemo]

So anyone with more than 100 btc is a whale now? I don't know the exact numbers but back in the day we call someone whale when they deal with thousands of bitcoin at one transaction not their entire portfolio so that might be a major reason why we see the number of whales are growing because we significantly dropped the criteria to become a whale.

[BIT-BENDER]

The availability of Bitcoin in the market led to an increase in Bitcoin whales. This market sentiment has taught me one lesson. I now know that many holders of Bitcoin weren’t holding Bitcoin because of the value. They weren’t holding Bitcoin for a long term plan. The reason why they hold the Bitcoin is because they were waiting for a time to take profit. Bitcoin got the top gainers for the just concluded week. The influx of buyers and sellers willing to sell was pretty much this period. That’s not all yet. Those buying huge now are also waiting for Bitcoin to get above 100k to sell for profit. We do have lots of genuine holders anymore. Institutions and treasuries are the number one long term holders.

Hey mate I hope this doesn't come hard but you probably should use (,) instead of (.) because using a full stop already ends the sentence.
Actually many people who are also holding long term are looking to make profit because holding long term doesn't automatically make you a big time Bitcoin enthusiast.

I will not agree that institutions are the number one long term holders because we have seen many institutions who sold their Bitcoin also countries aren't an exception too because I can still remember Germany selling off their Bitcoin.

[Stepstowealth]

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.

I think that there is a behavior among rich people where they try to find out the investments that their fellow rich people are making and then do their research on it before making their own investment. I think this may be a very major reason why we are seeing a higher number of people with a lot of money investing in Bitcoin because many others who are as rich as them have made the choice to invest in Bitcoin and these people understand that if their fellow rich people are making the choice to invest in Bitcoin that means there must be some benefits in it and it has gotten their interest.

[2stout]

Retail and institutional investors seeing the writing on the wall regarding fiat in terms of inflationary and unlimited printing devaluation, thus buying up Bitcoin instead.  The data and facts speak for themselves and more folks and institutions are listening and taking heed.

[ColdLava40]

Don't Allow Whales to Acquire Your Bitcoin
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.

It is interesting to know that whales are no longer sitting out on Bitcoin. Knowing for a fact that bitcoin has outgrown far beyond their original expectations I will not be surprised, how big Investors are ready to position themselves in the Bitcoin market.

The whales are playing their cards very well and even smarter than the retail investors.

Out of fear or fomo, retail investors will continue to sell every portion of their holdings while the whales continues to compound every single bitcoins they can get their hands on. It's only a matter of time.

With institutions now on the playlist, it will be even a more competitive market for retail investors to stand strong.

It's better to hold what you have and try adding more because who knows? Waking up tomorrow and Bitcoin is sitting on the moon, you will be full of regrets.

[Orpichukwu]

When there is an increase in the number of wallets which hold a large sum of bitcoin, there is always a reference to whales being involved and increasing their holdings or new whales actively joining the market, but sometimes we also need to look at it differently. It can be a company which doesn't want to make it public, a government, etc., but not an individual. An individual, to me, will probably spread that volume in different wallets; even if they own cold storage, there is nothing better than extra security for an individual, but entities always want things put together.

[Myleschetty]

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.

Based on the recognition that Bitcoin has received from the government, institutional investors, and individual investors. If we look at the number of people who currently own Bitcoin in relation to the global population, I will say that the level of adoption is not interesting. However, given the significant change that occurred after institutional investors emerged as the market's dominant force, I am not shocked by the current whale accumulation.