{"id":41066,"date":"2021-10-06T14:35:00","date_gmt":"2021-10-06T12:35:00","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=41066"},"modified":"2021-10-06T14:35:00","modified_gmt":"2021-10-06T12:35:00","slug":"bitcoin-btc-accumulation-frenzy-whales-show-no-dumping-sign","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-btc-accumulation-frenzy-whales-show-no-dumping-sign\/","title":{"rendered":"Bitcoin (BTC) accumulation frenzy; whales show no dumping sign"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><strong>It seems that <a href=\"https:\/\/crypto-economy.com\/what-is-bitcoin\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a> whales are accumulating more BTC<\/strong>, and the<\/span><span style=\"font-weight: 400\">re is no sign of selling-out or dumping from them. According to a report from <\/span><span style=\"font-weight: 400\">Santiment<\/span><span style=\"font-weight: 400\">, whale traders accumulated thousands of BTC ten days ago. It&#8217;s a new record from July 2019.<\/span><\/p>\n<p><!--more--><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The recent accumulation has surely affected the Bitcoin market and can be considered as one of the factors for the recent price jump. BTC is currently trading at $50.6K, and there are no signs of dumping from these big holders.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udc33 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Bitcoin<\/a>&#39;s whale traders holding between 100 to 10,000 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BTC<\/a> accumulated 70k <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$BTC<\/a> 10 days ago, the largest day of accumulation for this group since July, 2019. Unsurprisingly, prices gradually returned to above $51k as whales show no sign of a dump yet.  <a href=\"https:\/\/t.co\/8mdBPIXhHQ\" target=\"_blank\">https:\/\/t.co\/8mdBPIXhHQ<\/a> <a href=\"https:\/\/t.co\/A5ALRxUjYd\" target=\"_blank\">pic.twitter.com\/A5ALRxUjYd<\/a><\/p>\n<p>&mdash; Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1445563439837941762?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 6, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: justify\"><span style=\"font-weight: 400\">Planning to HODL?<\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Whales&#8217; activity always is effective on the cryptocurrency market. They hold lots of coins in each specific market and can move the price significantly. In the BTC market, there are numerous whales that have been accumulating BTC since its launch.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\"> But there are many others that became whales from trading. Anyhow, they all have good effects on the market. <\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><strong>Whales that hold between 100 to 10,000 BTC in their wallets can be considered effective whales.<\/strong> They can buy and sell considerable amounts of coins and affect the market.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">When whales start to accumulate BTC or other cryptocurrencies, they can jump the price. Big buys mean the coin has potential, and big investors are trying to have more of it. <\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Besides, it creates a FOMO that attracts more buyers in a domino effect. But sometimes, whales start to sell their coins immediately or shortly after buying. It creates a sell-off in the market and can start a dump. <\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">It&#8217;s what we have seen occasionally in BTC and other cryptocurrency charts. But the recent buying and accumulating pattern from Bitcoin whales doesn&#8217;t seem like that.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-38220\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/4_bitcoin.jpg\" alt=\"bitcoin\" width=\"699\" height=\"250\"><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">According to the report by Santiment, it seems the whales are going to hold the newly accumulated Bitcoins.<\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">&#8220;# Bitcoin&#8217;s whale traders holding between 100 to 10,000 $BTC accumulated 70k $BTC 10 days ago, the largest day of accumulation for this group since July 2019. Unsurprisingly, prices gradually returned to above $51k as whales show no sign of a dump yet.&#8221;<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Buying $70K BTC means about $3b inflows to the market if we consider BTC price at $43k at ten days ago. As you can see in the Santiment <\/span><a href=\"https:\/\/app.santiment.net\/s\/TuRZxmbC?utm_source=twitter&amp;utm_medium=post&amp;utm_campaign=twitter_btc_whales_stay_high_brian_100521\/&amp;fpr=twitter\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">analysis<\/span><\/a><span style=\"font-weight: 400\">, it created a spike in the charts. <\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Now and after ten days, the BTC price is about $50.7k, and it doesn&#8217;t seem that these whales are going to sell their coins soon. Anyway, the market moves rely on many situations and may go up and down because of many reasons. After all, it seems whales are going to hodl more.<\/span><\/p>\n<hr>\n<div class=\"td_block_wrap tdb_single_content td_uid_54_615d9248cd8d6_rand td-pb-border-top td_block_template_1 td-post-content tagdiv-type\" data-td-block-uid=\"td_uid_54_615d9248cd8d6\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p style=\"text-align: center\"><strong><em>If you found this article interesting, here you can find more&nbsp;<a href=\"https:\/\/crypto-economy.com\/cryptocurrencies\/bitcoin-news\/\"> Bitcoin news<\/a><\/em><\/strong><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It seems that Bitcoin whales are accumulating more BTC, and there is no sign of selling-out or dumping from them. According to a report from Santiment, whale traders accumulated thousands of BTC ten days ago. It&#8217;s a new record from July 2019.<\/p>\n","protected":false},"author":13,"featured_media":6077,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,70,74],"tags":[],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/41066"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=41066"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/41066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/6077"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=41066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=41066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=41066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}