One of my favorite actions is whale watching. According to Bitinfocharts, the third largest Bitcoin tackle simply purchased one other 991 BTC at a median value of $54,190.34 few hours in the past.
This tackle now has 114,959.56997991 BTC
There remains to be dispute whether or not this tackle is a whale or an alternate, 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 tackle ranked 81th in February 2019 however have now turn into the third largest tackle. Note the primary two largest addresses are exchanges (Binance 1st, Bitfinex 2nd)
DCA plus swim-with-the-whale technique: DCA is the primary alternative 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 assume they do it to make much more income.
I’ve written a submit 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 tackle has made 3,931,206,864.56 USD revenue ever since. But even after we confine it to November, this tackle 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 much from over. Technically we had at all times been in a bull market since 2010, considering long run.