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❕NEWS The number of whales in bitcoin reaches a new all time high.

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Sudipta

Sudipta

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The number of Bitcoin addresses holding at least 1,000 Bitcoin is now 2,425. This is a new all time high for bitcoin according to Glassnode. What do you think why the price is not ramping towards it's all time high of 42k then?
 
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Sudipta said:
Yeah bitcoin is currently fluctuating between 31-33k, the current price is around 32.4k and I think the price will increase very soon and surpass 35k.
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Even though the Bitcoin price is quite active, it is as if it is still stuck in certain price ranges. She is not very willing to fall, but it seems as if she has no strength to rise.
 
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aryan4 said:
Even though the Bitcoin price is quite active, it is as if it is still stuck in certain price ranges. She is not very willing to fall, but it seems as if she has no strength to rise.
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Yeah that's so nice that it is not falling, I invested 10$ yesterday in hoping for the price to rise. I hope it surges again with the strength of new whales.
 
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Sudipta said:
Yeah that's so nice that it is not falling, I invested 10$ yesterday in hoping for the price to rise. I hope it surges again with the strength of new whales.
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Let's see if she will make movements as in the recent past or will the movement accelerate to a certain side, we will watch and see. Plus plenty of profits to you. :p
 
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Recently, especially between the last three months of the year 2020, there was a lot of new investors who got in on the bitcoin action. So naturally the increase in number of bitcoin whales was expected as a lot of institutions and individuals invested huge sums on bitcoin.
 
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sagefave said:
Recently, especially between the last three months of the year 2020, there was a lot of new investors who got in on the bitcoin action. So naturally the increase in number of bitcoin whales was expected as a lot of institutions and individuals invested huge sums on bitcoin.
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It seems that bitcoin whales are already increasing in number and are being presented in reports about it. Let's see if the increase will continue after that.
 
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aryan4 said:
Let's see if she will make movements as in the recent past or will the movement accelerate to a certain side, we will watch and see. Plus plenty of profits to you. :p
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Thanks, hope it goes exact how we want. I just want to see bitcoin hitting 42k second time this month, let's see if bitcoin can fullfil my expectations or not.
 
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Mawome said:
Bitcoin is a valuable asset, if you have upto 0.01 Bitcoin in your wallet, you are a millionaire. Then if you buy when the price is on the increase, then your on money.
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Unfortunately most people didn't buy at any of the said time simply because they do not trust Bitcoin back then . Now the best way to benefit is investing for long term
 
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GoldenLady said:
This is good news, it shows that people are getting more interested in hodling Bitcoin either as investment or savings.

The price seems low however, despite this interest.
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Every day large investors are more interested in buying bitcoin, I believe that this record will not last long due to the rise of the cryptocurrency and its early recovery in the
 
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Not surprising since large companies are jumping into bitcoin lately, and those same companies can already be considered as bitcoin whales in the market
 
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Sudipta said:
The number of Bitcoin addresses holding at least 1,000 Bitcoin is now 2,425. This is a new all time high for bitcoin according to Glassnode. What do you think why the price is not ramping towards it's all time high of 42k then?
Click to expand...
I think it might just be about people investing in other crypto currency. But I feel this figure isn't really low after all. So it high though not too high
 
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Brain said:
I think it might just be about people investing in other crypto currency. But I feel this figure isn't really low after all. So it high though not too high
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You quoted a very old reply sir. The market trend have changed lot from then. Now mostly Elon Musk is influencing bitcoin and Doge comparatively more than whales. That's correct that these numbers of whales now doesn't affect the price much due to its very high price rate.
 
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