Bitcoin whales start to decline with price spikes – why?
Numbers from many analytics portals show that the number of Bitcoin whales has recently declined, suggesting that BTC has been sold quite heavily since the start of the bull run.
Downsizing the Bitcoin whales
Data from Bitinfocharts.com shows The top 100 Bitcoin whale addresses have been shrinking since May 14, showing that things have changed. Statistics from Glassnode show that whale addresses above 1,000 BTC have fallen to eight-year and ten-month lows.
In addition to the two websites that offer Bitcoin whale on chain analysis, Whalemap.io also implies a reduction in the number of whales (balance ≥1,000 BTC) and a shortened sales cycle. Additionally, Bitinfocharts.com’s top 100 bitcoin addresses show that there were three whales on May 13, 2021 that held between 100,000 and 1 million BTC.
Source: Bitinfocharts.com
There are currently only three whales left with 100,000-1 million BTC, and that number hasn’t changed in a long time. The number of addresses with 10,000 to 100,000 BTC has dropped from 85 to 77 since May 13th.
Whales release BTC in the 2012 Bull Run
The number of addresses with 100 to 1,000 BTC was also around 13,989 5 months ago and currently has 13,987 addresses. And addresses with 10 to 100 BTC or less have increased dramatically over the same period.
Bitcoin logarithmic growth curve. Source: Bookintobitcoin.com.
The last time the whale group owned 1,000 BTC at this low was in mid-December 2012, after the previous bull run.
In the past few weeks, all Bitcoin addresses have gone up with less than 1,000 BTC. Up to 19,716,447 addresses have between 0 and 0.001 BTC, which makes up 51.24% of the addresses. Addresses currently 0.1 to 1 BTC are around 2,437,951 addresses, and there are 665,893 addresses with at least 1 to 10 BTC.
February – May $ BTC Whales (> 1k BTC) fought against sales to retail investors (> .1 BTC). For this reason, the distribution phase is shown in the HT diagram. They manipulated the price to keep the price stable until they finished selling – then they collapsed. The whales have won again. #Bitcoin pic.twitter.com/ia8C8ze99h
– Illusive (@IllusiveTrades) October 10, 2021
“February – May, Bitcoin whales (> 1,000 BTC) are gradually being sold and absorbed by private investors (> 0.1 BTC). For this reason, the distribution period is shown in the HT diagram. They keep the price stable by manipulating until they sell out – then they crash. The whales have won again. “
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Chances are, Bitcoin is up over 25% in the past 30 days, but some whales have made a lot of profits from the sale. It is also possible that the whales have simply distributed their wealth to more addresses.
The last time Bitcoin whale addresses were at this low level was during the 2012 Christmas season and then Bitcoin’s first bull run. Bitcoin peaked at $ 30 in the summer of 2012 and the fall months, but by December of that year it was just over $ 2. The total number of whales also decreased sharply at this time.
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According to News.Bitcoin
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The last time Bitcoin whale addresses were at this low level was during the 2012 Christmas season and then Bitcoin’s first bull run. Bitcoin peaked at $ 30 in the summer of 2012 and the fall months, but by December of that year it was just over $ 2. The total number of whales also decreased sharply at this time. The last time Bitcoin whale addresses were at this low level was during the 2012 Christmas season and then Bitcoin’s first bull run. Bitcoin peaked at $ 30 in the summer of 2012 and the fall months, but by December of that year it was just over $ 2. The total number of whales also decreased sharply at this time.
Author
Bitcoin
Bitcoin whales start to decline with price spikes – why?
Numbers from many analytics portals show that the number of Bitcoin whales has recently declined, suggesting that BTC has been sold quite heavily since the start of the bull run.
Downsizing the Bitcoin whales
Data from Bitinfocharts.com shows The top 100 Bitcoin whale addresses have been shrinking since May 14, showing that things have changed. Statistics from Glassnode show that whale addresses above 1,000 BTC have fallen to eight-year and ten-month lows.
In addition to the two websites that offer Bitcoin whale on chain analysis, Whalemap.io also implies a reduction in the number of whales (balance ≥1,000 BTC) and a shortened sales cycle. Additionally, Bitinfocharts.com’s top 100 bitcoin addresses show that there were three whales on May 13, 2021 that held between 100,000 and 1 million BTC.
Source: Bitinfocharts.com
There are currently only three whales left with 100,000-1 million BTC, and that number hasn’t changed in a long time. The number of addresses with 10,000 to 100,000 BTC has dropped from 85 to 77 since May 13th.
Whales release BTC in the 2012 Bull Run
The number of addresses with 100 to 1,000 BTC was also around 13,989 5 months ago and currently has 13,987 addresses. And addresses with 10 to 100 BTC or less have increased dramatically over the same period.
Bitcoin logarithmic growth curve. Source: Bookintobitcoin.com.
The last time the whale group owned 1,000 BTC at this low was in mid-December 2012, after the previous bull run.
In the past few weeks, all Bitcoin addresses have gone up with less than 1,000 BTC. Up to 19,716,447 addresses have between 0 and 0.001 BTC, which makes up 51.24% of the addresses. Addresses currently 0.1 to 1 BTC are around 2,437,951 addresses, and there are 665,893 addresses with at least 1 to 10 BTC.
February – May $ BTC Whales (> 1k BTC) fought against sales to retail investors (> .1 BTC). For this reason, the distribution phase is shown in the HT diagram. They manipulated the price to keep the price stable until they finished selling – then they collapsed. The whales have won again. #Bitcoin pic.twitter.com/ia8C8ze99h
– Illusive (@IllusiveTrades) October 10, 2021
“February – May, Bitcoin whales (> 1,000 BTC) are gradually being sold and absorbed by private investors (> 0.1 BTC). For this reason, the distribution period is shown in the HT diagram. They keep the price stable by manipulating until they sell out – then they crash. The whales have won again. “
Â
Chances are, Bitcoin is up over 25% in the past 30 days, but some whales have made a lot of profits from the sale. It is also possible that the whales have simply distributed their wealth to more addresses.
The last time Bitcoin whale addresses were at this low level was during the 2012 Christmas season and then Bitcoin’s first bull run. Bitcoin peaked at $ 30 in the summer of 2012 and the fall months, but by December of that year it was just over $ 2. The total number of whales also decreased sharply at this time.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Teacher
According to News.Bitcoin
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Â
The last time Bitcoin whale addresses were at this low level was during the 2012 Christmas season and then Bitcoin’s first bull run. Bitcoin peaked at $ 30 in the summer of 2012 and the fall months, but by December of that year it was just over $ 2. The total number of whales also decreased sharply at this time. The last time Bitcoin whale addresses were at this low level was during the 2012 Christmas season and then Bitcoin’s first bull run. Bitcoin peaked at $ 30 in the summer of 2012 and the fall months, but by December of that year it was just over $ 2. The total number of whales also decreased sharply at this time.
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