Bitcoin Whales Are Moving Their Coins to Exchanges-What This Means For BTC Price

[sirty143]

Bitcoin Whales Are Moving Their Coins to Exchanges — What This Means For BTC Price

After the massive Bitcoin breakout above $10,000, Bitcoin whales, investors who hold a lot of coins, have started moving their Bitcoins to exchanges again. See more for yourself here.

Your opinion is greatly appreciated.

[Senin]

This probably means that the whales want to fix their profits and in the near future we will see a correction in the price of bitcoin and the entire cryptocurrency market. If the whales begin to sell their bitcoins at least partially, then their price will drop significantly. Well, the correction is in any case necessary, it will serve as the basis for further market growth in the fall. Bitcoin and ethereum prices will continue to rise this year.

[Fenix]

Well, maybe soon we will see a temporary decrease in the price of bitcoin, since the increase in its price by two and a half thousand dollars over the last ten days is very attractive for bitcoin owners to lock in their profits or for those who wanted to partially cash out a certain portion of their bitcoins for their various goals.
However, the expectation of the growth of the cryptocurrency market is very high, so its further growth will be necessary after a while.

[syedrasool2011]

Well Bitcoin whales start pumping but i think thats fake whales bitcoin will dump to 6000$

[I-Bit]

Once the whales are starting to move their coins to the exchanges, I guess there is a big chance for significant pump in the future. I don't think the whales will move their coins to exchanges if there is no chance for profits. We all know moving coins to exchanges wallets has a big risk, so they only do it if they want to trade the coins only.

[Tnoy30]

In the last few days I have seen a trend of rising prices. Bitcoin's market growth expectations are very high. Owners of bitcoin assets have made a lot of profit in the last few days. They are constantly volatile in anticipation of further price increases. They are expecting that price to rise. Because they want to be more successful. However, I do not see the trend of price increase now. But now is not the time to raise prices. I think it will be necessary to increase the price after a few days. But everyone's expectations will be successful. I have the same expectations as everyone else.

[masudginanjar]

I only have a mindset that is simple and easy to say.
I will give my experience like this:

-If bitcoin is sent from a personal wallet to Exchange it is likely that sales will be sold for Bitcoin and the result is a Dump.
-If the coin is stable from the personal wallet to the Exchange then it will occur a purchase of Bitcoin and the results are Pump.

Correct me if I'm wrong.

[syedrasool2011]

i think pump is to much now dump is coming i think thats fake whales bitcoin will dump to 6000$

[Gurujebs]

I only have a mindset that is simple and easy to say.
I will give my experience like this:

-If bitcoin is sent from a personal wallet to Exchange it is likely that sales will be sold for Bitcoin and the result is a Dump.
-If the coin is stable from the personal wallet to the Exchange then it will occur a purchase of Bitcoin and the results are Pump.

Correct me if I'm wrong.

Sometimes most these coins that are transferred from wallet to exchanges aren't really whale. $2M worth of BTC can't do anything to the market.
Most of this input are generally from the miners who sale to generate their revenue.

[syedrasool2011]

High risk reward profile:  200 BTC  - 250 ADA - 250 ETH -  100 XRP - 100 XTZ - 100 LINK.  My thoughts: If you like BTC why not go for leveraged Crypto plays.

[Gurujebs]

High risk reward profile:  200 BTC  - 250 ADA - 250 ETH -  100 XRP - 100 XTZ - 100 LINK.  My thoughts: If you like BTC why not go for leveraged Crypto plays.

Leverage is very very risky, you will end up liquidated if you aren't an expert in trading

[jonathancool220]

Correct me if I'm wrong.

The performance of such transactions is true and that is a common thing with Bitcoin.
The effect is that Bitcoin trading can be a Pump and Dump.
But the transaction must have a lot of BTC, for example:
  -If the BTC that is being sold is around 50-60 BTC then it will not have an effect because on Binance alone, for the Buy Order it can be thousands of BTC.
  -Unless hundreds or even thousands of BTC are sent to Binance it will result in a price dump.

[syedrasool2011]

I do believe Bitcoin is going to be digital gold. That means it’s the only one of the coins out there that gets to be a legal pyramid scheme. Just like gold is. ... We have a business that we think can break even next year, if not make money. We’re not nervous; we’re frustrated that our investors have lost money. We’ve got plenty of cash to run the business for a long time

[comer]

the whales will influence the market by moving again their coin to exchanges. If we follow the law of supply and demand the sudden influx of supply in the exchanges will decrease the price of the coin. i think they are not yet taking any massive selling that would surely have negative impact of bitcoin in the marketplace. as of the moment the BTC price still at positive position but we should not lower our guard because anytime soon the price may collapse if whales will manipulate the market to their favor.

[Astra]

We all know that if whales put their thousands of bitcoins on exchanges, then the bitcoin price will fall. How long it will take or not will depend on how many bitcoins are sold. Yes, after that there was a decline in the price of bitcoin. However, let it be better that the price drop will be now than during the next significant increase.