One of my favorite actions is whale watching. According to Bitinfocharts, the third largest Bitcoin handle simply purchased one other 991 BTC at a mean worth of $54,190.34 few hours in the past.
This handle now has 114,959.56997991 BTC
There continues to be dispute whether or not this handle is a whale or an change, 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 handle ranked 81th in February 2019 however have now change into the third largest handle. 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 proper alternative to swim with the whales (after all not by leverage!). The whales transfer the market and I do suppose they do it to make much more earnings.
I’ve written a publish final week about DCA technique and the most effective one for my part is: common DCA + put aside a fund to purchase when the flash crash occurs. See how the whales swim.
This handle has made 3,931,206,864.56 USD revenue ever since. But even once we confine it to November, this handle seems to time the market completely, it bought 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, considering long run.