A whale just shorted Bitcoin

[arabspaceship123]

It makes sense to ask why ppl sell when market conditions aren't high but it's their decision. They own their btc's so they'll do what they like we don't know why they've taken decisions.

[dave_strider]

^ Shaky hands or a need to be fulfilled, usually.

[doc]

I am sure this "whale" of a trader has the command of the market and is taking a good speculative move that can significantly boost his wealth. Yes, there can be some form of luck in this as there really is in all things we do but I am sure that with that huge millions in his hands he is tuning in with market developments and is using his connections to feel the market and where it is going. However, it should be  pointed out that this is just another speculation and the guy is taking the risk involved...in other words there is no guarantee that the market will react according to what he intends to happen as many whales had been liquidated in the past but if the guy is right then he would be smiling with a lot of laughter to the bank of Dave.

whales will always play their role in the crypto market by manipulating to raise or lower prices, that's what we've been observing. And not only in crypto in the stock market this also happens.
As a small trader we can see and follow the trend even though some say try to fight the ren but I think it's difficult.

[Faisal2202]

A whale shorted Bitcoin and already in a profit of a million plus with liquidation around $85K
What are the odds they know nothing
Ever since Trump administration
Huge risk whale like this have spranged up and always make profit in hundreds of millions.
The funny is this one with 40* leverage is among the lowest and 50* the most popular.

What are your take on this?

I don't know about this one as if it's legit or not, but I saw one trade of a whale he/she was also shorting, and the amount was big, the profit was also in millions, but that whale closed the trade with huge profit a few days or maybe a week ago. Well, we know there are more than one whale doing long and short trades.

What I think about them! I just think we should keep an eye on their trades because if they are playing with millions, then they must have higher level of analysis of the market, and they must be 100% confident than us in that trade. As small fishes, we can depend on them and follow their trades, but this has its own risks.

[Asiska02]

It's not always advisable to reinvest after making profits because they can't truly understand what the market holds back and immediately the investment is made the market might retraced without the investor knowing, this could make s/he to start to panicking because he didn't follow up with much analysis to know what would happened the next moment.
It's true that when trading we should always understand the market direction before rushing to enter trade otherwise it might ends up with regret, and wait for a perfect entry is much more better than losing trade on a consistent basis.

When there is a target you are aiming for, stick to it and don’t try to play smart by trying to reinvest in the market and take some trades again. The market is all based on probabilities, if the first one goes well, there is no such guarantee that you’ll get a second and third one in your favour. The ultimate goal of this is to continue to stick to your plans and not be too greedy. Alright, been greedy helps to achieve more if the market continues to go in your favour but as an upcoming trader, you have no concern with that and sticking to your place is the best for you only if you know to avoid further losses due to greed.

[Zed0X]

It makes sense to ask why ppl sell when market conditions aren't high but it's their decision. They own their btc's so they'll do what they like we don't know why they've taken decisions.

We're talking about retail traders here and they usually do not care about the market conditions. They try to make profit if it goes up or if it goes down. The example in the OP looks like a quick trade that earned that person a million. He's probably good at it and with a lot of luck as well.

[omori]

We're talking about retail traders here and they usually do not care about the market conditions. They try to make profit if it goes up or if it goes down. The example in the OP looks like a quick trade that earned that person a million. He's probably good at it and with a lot of luck as well.

..Or he just had the right insider info.

But your version of the situation is viable too.