Bitcoin whales accumulate $11 billion in two weeks

[Bobcrypto]

According to Glassnode in its post on X, over the past two weeks (March), whales have bought around 129,000 BTC for $11.2 billion.

This is the most significant purchase since August 2024, signaling enormous confidence. Is this just a conviction buy or do they know something more?

Regardless of the current correction, whales keep buying while some people sell out of fear (or simply because they need to pay the bills... happens to me a lot).

For example, it's common for Bitcoin to be dropping or falling significantly exactly when I need it the most hehe.

How are you feeling about the market, does this change anything for you?

Indeed, most whales know exactly when to enter the market, they are not like newbies who through FOMO, and panic sale when prices are going dip or corrections. In facts, most newbies just buy because the saw some green candles or because of FOMO however, whales are experienced investors who knows the best market entry targets, and that is what may be playing out as it has been reported.

In my opinion, there is going to huge short time pump to $100k level, then a big dumps to the strong support level, around $80k to $78k levels in few weeks. I just watching this trends to make moves

[Bobcrypto]

This is the most significant purchase since August 2024, signaling enormous confidence. Is this just a conviction buy or do they know something more?

This can be a big force for the Bitcoin market for weeks to come so that we can be able to see BTC go beyond the $90K zone by April as I am tired of waiting and waiting for me to let go of my little hoard. Now, do these whales know something? Maybe they do or maybe they are just also speculating based on some parameters they used for the last many years. Whales can be right or they can be wrong. The most important thing is that with this infusion of confidence there can be more energy thrown to Bitcoin to resist going down the $85K level.

Whales are big market makers on the crypto economy and some times dictate how the market goes at certain times, and they are not novice or newbies in term of the market analysis and trends.
In addition, whales, traders, and holders can be wrong on predictions, the crypto market has no master, nobody knows it all as far as the market movements is concerned. In facts, anyone can be right or wrong, though there are still notable experts who may be better than ordinary trader/investors in my opinion.

[God Of Thunder]

Regardless of the current correction, whales keep buying while some people sell out of fear (or simply because they need to pay the bills... happens to me a lot).

For example, it's common for Bitcoin to be dropping or falling significantly exactly when I need it the most hehe.

I am kind of neutral in this market. Nothing changed. My Portfolio dropped 50% due to alt investments and I am kind of fucked up. If whales are buying, I don't know why the market is not moving forward. It's just moving between 80K to 88K for the last few weeks. I am not selling at this moment. I don't have any plans to sell anytime soon. Because I have already sold what I had. LOL. Now I am holding a small portion, and it's for the long term.

As for selling, yeah, when I plan to sell, Bitcoin starts to dump pretty fast. LOL. I guess it's just you and I. It happens to a lot of people.

[arabspaceship123]

Whales will buy & sell with out worrying because they're rich but I don't have money to buy btc so the news doesn't change any thing for me.

[albon]

Regardless of the current correction, whales keep buying while some people sell out of fear (or simply because they need to pay the bills... happens to me a lot).
How are you feeling about the market, does this change anything for you?

Whales and billionaires know the true value of Bitcoin as the largest and most profitable investment tool and are confident in its future. They buy DIPs and hold their positions for the long term, like Michael Saylor.

They don't do what small investors do, who are influenced by FOMO, don't follow their goals or planned strategy, and don't invest what they can't afford to lose. In my opinion, I believe that injecting large amounts of money into the market will play a role in driving Bitcoin prices up, in driving Bitcoin prices up, along with boosting investor sentiment.

[babo]

According to Glassnode in its post on X, over the past two weeks (March), whales have bought around 129,000 BTC for $11.2 billion.

This is the most significant purchase since August 2024, signaling enormous confidence. Is this just a conviction buy or do they know something more?

Regardless of the current correction, whales keep buying while some people sell out of fear (or simply because they need to pay the bills... happens to me a lot).

For example, it's common for Bitcoin to be dropping or falling significantly exactly when I need it the most hehe.

How are you feeling about the market, does this change anything for you?

the question that now arises spontaneously would be
How come whales are making all this money?
when these things happen I think differently, I think that only those who have money know the fresh news, they know the moves in advance (paying obviously)
things we will never know

[Forsyth Jones]

I am kind of neutral in this market. Nothing changed. My Portfolio dropped 50% due to alt investments and I am kind of fucked up. If whales are buying, I don't know why the market is not moving forward. It's just moving between 80K to 88K for the last few weeks. I am not selling at this moment. I don't have any plans to sell anytime soon. Because I have already sold what I had. LOL. Now I am holding a small portion, and it's for the long term.

As for selling, yeah, when I plan to sell, Bitcoin starts to dump pretty fast. LOL. I guess it's just you and I. It happens to a lot of people.

I understand your pain, I had an open long position on BTC with an entry price of 93k. Unfortunately, the price didn't return to that level so that I could at least close my position without a loss after that correction, since the contract had an expiration date. Fortunately, I didn't lose too much, if I'm not mistaken, the contract was closed with BTC at 87k, so the loss was smaller.

Now, with Trump easing up on the tariffs on China, the market has reignited. I'm even thinking about going long again, but this time I'll sell a portion as soon as I'm in profit, watching the overbought and oversold regions of the RSI that have helped me in some trades and avoiding some entries.

[NotATether]

I understand your pain, I had an open long position on BTC with an entry price of 93k. Unfortunately, the price didn't return to that level so that I could at least close my position without a loss after that correction, since the contract had an expiration date. Fortunately, I didn't lose too much, if I'm not mistaken, the contract was closed with BTC at 87k, so the loss was smaller.

Now, with Trump easing up on the tariffs on China, the market has reignited. I'm even thinking about going long again, but this time I'll sell a portion as soon as I'm in profit, watching the overbought and oversold regions of the RSI that have helped me in some trades and avoiding some entries.

You don't want to open Kong's when the market is good. That's when you open shorts. It's counter-intuitive but this is the correct course of action.

Similarly, you open Kong's when the market is in a bad shape.

The only hard thing about this is that it is difficult to determine which real-world events will cause major market movements.

[God Of Thunder]

The only hard thing about this is that it is difficult to determine which real-world events will cause major market movements.

Yeah. It's hard to understand which real-world event will cause the movement. Trump has been trying to discuss with Iran about the Nuclear thing, but Iran hasn't responded for a while. Now they agreed to talk about it. Iran has been threatening to Israel and the US about Palestine. But Israel never cared and continued the genocide in Gaza and Rafa.

Also, Trump threatened Iran that if they do not hear what the US suggest, they may attack Iran. Russia said if The US attacked Iran, Russia wouldn't tolerate it. Yemen has been attacking Israel as well. I feel like we are going to see World War Three anytime soon. The war will cause a major market movement.

[rby]

Regardless of the current correction, whales keep buying while some people sell out of fear (or simply because they need to pay the bills... happens to me a lot).

The whales are simply doing what every real investor should do and that is, enter the market when the price is cheap. Permit me to call them businesspeople who know how to make money from Bitcoin.

Whether they know something we don’t or not, we all know that whoever buys Bitcoin now is simply taking advantage of the current price. But fear and impatience have really blinded many of us from realizing that the current price is still another opportunity to take advantage of.

As for selling, yeah, when I plan to sell, Bitcoin starts to dump pretty fast. LOL. I guess it's just you and I. It happens to a lot of people.

You are not alone in this. Sometimes we sell our Bitcoin only to see it become more bullish. We can't keep regretting our actions all the time. Bitcoin is truly unpredictable.

[TomPluz]

For example, it's common for Bitcoin to be dropping or falling significantly exactly when I need it the most hehe. How are you feeling about the market, does this change anything for you?

My experience on wrong moves is validated by many people including you...just when it is time we need to encash our Bitcoin it is not cooperating and will instead move south. Are we just so unlucky fellows or are we following a certain market curse? Really funny...but not so funny. Anyway, I am really feeling good that there can be a dramatic rebound happening in the price of Bitcoin within this month or at least in the second quarter of the year. I am sure these big investors or whales are always listening to the rhythm of the market and they are convinced that it is time to get back and accumulate more in preparation for a bigger "to the moon" ride. Let's hope this the right kind of momentum Bitcoin is waiting for.

[Rubel007]

Regardless of the current correction, whales keep buying while some people sell out of fear (or simply because they need to pay the bills... happens to me a lot).

There are many of us who sell at the time when we need to buy. Those who are whale investors usually wait for opportunities. As soon as the market decreases slightly, they try to fill their bags. They know that the market will recover again and they will profit there. Whale investors usually profit more for this reason. They take appropriate decisions according to time. Those who hold Bitcoin for the long term will definitely profit even after a long period of time. That is why it is better to just hold it.

[Kemarit]

Regardless of the current correction, whales keep buying while some people sell out of fear (or simply because they need to pay the bills... happens to me a lot).

There are many of us who sell at the time when we need to buy. Those who are whale investors usually wait for opportunities. As soon as the market decreases slightly, they try to fill their bags. They know that the market will recover again and they will profit there. Whale investors usually profit more for this reason. They take appropriate decisions according to time. Those who hold Bitcoin for the long term will definitely profit even after a long period of time. That is why it is better to just hold it.

That's why we preached that we shouldn't just be selling our precious Bitcoin because there are whales that is just waiting in the corner and going to score that Bitcoin from us.

Although it's really hard to hold for the some of us as we might need money for emergencies. So it's beyond our control, what we can do is that after everything has settled down, maybe we can still go back and buy those Bitcoin that we might have lost and not be bothered by those whales buying as much as they can.

[TheGoodFella]

I don't like to read too much into news like these, but it's hard to overlook that someone is willing to commit that much into BTC at this point, it's either they know something we don't like you said, or it's just someone making a very big mistake.

[Bobcrypto]

According to Glassnode in its post on X, over the past two weeks (March), whales have bought around 129,000 BTC for $11.2 billion.

This is the most significant purchase since August 2024, signaling enormous confidence. Is this just a conviction buy or do they know something more?

Regardless of the current correction, whales keep buying while some people sell out of fear (or simply because they need to pay the bills... happens to me a lot).

For example, it's common for Bitcoin to be dropping or falling significantly exactly when I need it the most hehe.

How are you feeling about the market, does this change anything for you?

Yeah, every huge buy, especially from the whales is a great boost to the market and there could be a big pump signal loading. I feel good on this news because it may be an opportunity to Take Profits after holding for some time. I like to see whales taken a long positions, it is also a time to add  your holding in my opinion.
However, the market may quickly change as soon as some whales take a short positions, i think we should be mindful of these market developments at regular intervals.