Actually this is a good sign, very bullish since people and institution are taking out their bitcoin to exchanges like Coinbase because it's obvious that they are going to be a HODL.

And with Coinbase notoriously being down when the price of bitcoin is going up, I wouldn't surprised by this move. "Not your keys, not your coins", Be your own bank" attitude for experience investors here.

Hopefully this hodl will be a long term type for these whales because anytime they can dump all this coins back into the market and drive the prices down. The good news about this is that the prices will go up and it will only be a matter of time before the coins starts pouring in.

With the way the price is moving currently, there's no better way but to keep holding and wait for the next bubble to form and burst. So I'm sure smart investors know this and it's really hard to short bitcoin as you might get REKT today.

So I'm not seeing any more incoming dumps and there are a lot of money pouring in pushing the price to $25k-$20k early next quarter.

Actually when I had the sense that institutional investors and whales are not giving up on buying much Bitcoin was before Bitcoin hit its ATH, that is, during that time, once Bitcoin dump it won't be long for it to pick up the pace and start growing again, this was entirely different from previous bull run when a dump will lead to further dump, but this time around a dump was followed by a pump. Also, this is an indication that Bitcoin has come to remain with us while disrupting the world systems, it is also an indication that the value will keep increasing since it's obvious the big players are seriously holding and not selling anytime soon. Lastly, keeping their Bitcoin out from the reach of exchanges is the best move, this will keep them as anonymous as possible and will remove them from unnecessary prying eyes.

Let us analyze this amount, suppose that the current price is $ 24,000 and the market capacity is 455284185910, so this amount represents less than 1% of the total current market capacity and thus will not affect the price, up or down.

The higher the price, the more difficult it becomes to move the price up or down, and it requires a lot of market capacity to do so.


You can bet that this amount will change the price of many alternative currencies and cause their price to rise by more than 100%, not bitcoin.

It seems like they are still actively acquiring more and more bitcoin by the day, which is good though at the same time quite worrying since the supply is getting centralized to a few people/organizations. Grayscale being the leading entity in acquiring these coins are strengthening their position with more and more bitcoin purchases, and seems to be storing them in cold storages, therefore subtracting their coins from the active market supply. If every big companies who recently bought bitcoins did this, then a crash wouldn't be so much of an issue since there isn't much coins to work with. Plus them being in the public eyes who braved to buy bitcoin will be used as a form of 'assurance' by newbie and unknowing buyers to make their first purchase. If these lads could buy tons of bitcoin despite the on-going criticism of investment experts on the coin, why can't I buy even just one?

How can you say that they don't plan to take profits anytime soon with certainty, if all you have is just a fact that they withdraw their coins to their wallets. Cold wallet doesn't mean that it's hard to access, even with self-made setup it takes 10 minutes to transfer coins. Different traders have different levels of greed, some are satisfied with 20% profits or 50% profits, which is why corrections occur - someone exits because they already got enough profits. Bull market is not only about hodlers refusing to sell, you also need new buyers.

It's just me putting my coins in cold storage for the holidays, don't mind it.



Just kidding.

I also think it's partly because of Christmas, at least the quietness.

Also, for people wanting to cash some fiat in, doing it at the end of the year means you will pay taxes on capital gains, so some planning is needed, by now it must be done, no need to keep coins on an exchange.

This is my biggest worry whales don't miss any opportunity also they are the one who are very scary for BTC community, right now lot of big companies are pouring money so logically they won't invest at this time if the price drops at a certain stage whales will disaster the market as panic sell will be extremely high. Either institution or whales they are the strong contenders in BTCs pump and dump.