One of my favorite actions is whale watching. According to Bitinfocharts, the third largest Bitcoin deal with simply purchased one other 991 BTC at a mean value of $54,190.34 few hours in the past.
This deal with now has 114,959.56997991 BTC
There remains to be dispute whether or not this deal with is a whale or an trade, however this can be a fairly good indicator of how the whales are reacting. So whereas many planktons are scared off, the whales are accumulating extra Bitcoins than ever.
Another attention-grabbing factor: This deal with ranked 81th in February 2019 however have now develop into the third largest deal with. Note the primary two largest addresses are exchanges (Binance 1st, Bitfinex 2nd)
DCA plus swim-with-the-whale technique: DCA is the primary selection for a lot of small retail traders like us. But additionally time like that is the right alternative to swim with the whales (in fact not by leverage!). The whales transfer the market and I do suppose they do it to make much more earnings.
I’ve written a submit final week about DCA technique and the very best one in my view is: common DCA + put aside a fund to purchase when the flash crash occurs. See how the whales swim.
This deal with has made 3,931,206,864.56 USD revenue ever since. But even once we confine it to November, this deal with seems to time the market completely, it offered 1,500 BTC on 09 November 2021 when BTC hit $67,510.46.
I put this right into a spreadsheet:
So I believe: DCA, don't panic, purchase the dip just like the whales do. The bull market is way from over. Technically we had all the time been in a bull market since 2010, pondering long run.