The bitcoin crash rocked the market to its core when the digital asset had lost over 50% of its all-time high value to bottom out at $33,000. It was as a result of market sell-offs across the financial space, sparking a ripple effect that was felt heavily in the crypto market. Market sentiment had crumbled during this time as investors had scrambled to sell their holdings.
However, not everyone saw the declining prices as a signal to sell before prices tank even more. Whales, who control a large portion of the circulating supply, took this as a cue to buy and have been filling their bags with all of the bitcoin being dumped on the market by panicking investors.
Whale Gobbles Up Traded Bitcoin
In a report from CC15Capital, the trading activities of a whale are outlined. In what came out to be a long document, it shows that the whale had been purchasing tens of thousands of bitcoin every few hours while traders dumped their coins. CC15Capital which is an asset allocator tracked the wallet and discovered that a single bitcoin wallet had been purchasing millions of dollars worth of bitcoin.
Related Reading | Market Sentiment Crumbles As Sell-Offs Drags Bitcoin To $33,000
In the event of the past week’s price crash, this single whale had accumulated millions in bitcoin. Each purchase ranged from $2 to $18 million worth of BTC every few hours, averaging 48,000 BTC per purchase.
It looked like the whale was buying up all coins being dumped on the market. By the weekend, the wallet had successfully increased its holdings by a couple of hundred thousand BTC. The more the price dropped, the more bitcoin the whale bought.
BTC prekyba viršija 36 tūkst. USD | Šaltinis: BTCUSD svetainėje TradingView.com
CC15Capital, in response, called for bitcoin investors to stop dumping their coins, which are being bought by whales, thereby increasing the concentration of bitcoin supply in the hands of large investors.
Nustokite panikuoti pardavinėdami savo #Bikcoinas to this guy. He’s been buying $2-18 million worth every few hours. pic.twitter.com/eCE3UKXEfD
— CC15Capital (@Capital15C) Sausis 24, 2022
Prekiaujama BTC mažėjant
CC15Capital also noted that the volume of bitcoin that is available for sale has gone down. Currently, 14.5 million of the total bitcoin supply is illiquid. This means that this supply has not moved, neither have they been traded. It is the highest concentration of supply which looks to be held for the long-term.
Tame pačiame tviteryje turto skirstytojas paaiškina, kad jei piniginės, turinčios šį nelikvidų pasiūlą, padidintų savo turimas atsargas tik 27%, iš viso 4 mln. BTC, monetų neliktų parduoti, todėl pasiūla būtų nulinė.
#Bikcoinas nelikvidus pasiūla (neprekiaujama) siekia 14.5 mln.
If those who #HODL the 14.5 million Bitcoin, would increase their holdings by 27%, or 4 million $ BTC, there would be exactly 0 remaining coins available for sale.
Keep buying and HODL. Law of supply/demand will prevail. pic.twitter.com/RUb6gHSif6
— CC15Capital (@Capital15C) Sausis 24, 2022
Susiję skaitymai | Ar Bitcoin pasiekė savo dugną? Analitikas sako, kad dar laukia ilgas kelias
Kiti banginiai taip pat pasinaudojo rinkoje vykstančiais išpardavimais. Kadangi biržos pasiūla mažėja, šie stambūs investuotojai užtikrina, kad jiems netrūktų, kai pasiūla sumažėtų.
This is how you buy $1 Billion in #Bikcoinas per 2 mėnesius.
Nuo 0 USD 2021 m. lapkritį iki daugiau nei 1 mlrd. USD dabar.
When you panic sell your $ BTC, this is one of the guys buying it.
Pirkite, #DCA ir #HODL. pic.twitter.com/fmjpCFjCEI
— CC15Capital (@Capital15C) Sausis 25, 2022
Per du mėnesius banginių piniginė, kuri lapkritį neturėjo BTC, sugebėjo surinkti daugiau nei 1 milijardo dolerių BTC įspūdį. Panašu, kad ši paskyra buvo pradėta pirkti įvykus avarijai ir nuo to laiko tai tęsiama. Rašymo metu piniginės likutis yra 1,013,777,643.51 XNUMX XNUMX XNUMX USD.
Teminis vaizdas iš TokeneoBit, diagrama iš TradingView.com
Source: https://www.newsbtc.com/news/bitcoin/bitcoin-whales-take-advantage-of-market-crash-to-gobble-up-millions-in-btc/