The bitcoin crash rocked the market to its core when the digital asset had lost over 50% of its all-time high value to bottom out at $33,000. It was as a result of market sell-offs across the financial space, sparking a ripple effect that was felt heavily in the crypto market. Market sentiment had crumbled during this time as investors had scrambled to sell their holdings.
However, not everyone saw the declining prices as a signal to sell before prices tank even more. Whales, who control a large portion of the circulating supply, took this as a cue to buy and have been filling their bags with all of the bitcoin being dumped on the market by panicking investors.
Whale Gobbles Up Traded Bitcoin
In a report from CC15Capital, the trading activities of a whale are outlined. In what came out to be a long document, it shows that the whale had been purchasing tens of thousands of bitcoin every few hours while traders dumped their coins. CC15Capital which is an asset allocator tracked the wallet and discovered that a single bitcoin wallet had been purchasing millions of dollars worth of bitcoin.
Related Reading | Market Sentiment Crumbles As Sell-Offs Drags Bitcoin To $33,000
In the event of the past week’s price crash, this single whale had accumulated millions in bitcoin. Each purchase ranged from $2 to $18 million worth of BTC every few hours, averaging 48,000 BTC per purchase.
It looked like the whale was buying up all coins being dumped on the market. By the weekend, the wallet had successfully increased its holdings by a couple of hundred thousand BTC. The more the price dropped, the more bitcoin the whale bought.
ការជួញដូរ BTC លើសពី $36k | ប្រភព៖ BTCUSD នៅលើ TradingView.com
CC15Capital, in response, called for bitcoin investors to stop dumping their coins, which are being bought by whales, thereby increasing the concentration of bitcoin supply in the hands of large investors.
ឈប់ភ័យស្លន់ស្លោ លក់អូនទៅ # ប៊ីធាក់ to this guy. He’s been buying $2-18 million worth every few hours. pic.twitter.com/eCE3UKXEfD
— CC15Capital (@Capital15C) ខែមករា 24, 2022
BTC អាចជួញដូរបាននៅលើការធ្លាក់ចុះ
CC15Capital also noted that the volume of bitcoin that is available for sale has gone down. Currently, 14.5 million of the total bitcoin supply is illiquid. This means that this supply has not moved, neither have they been traded. It is the highest concentration of supply which looks to be held for the long-term.
នៅក្នុង tweet ដូចគ្នា អ្នកបែងចែកទ្រព្យសកម្មពន្យល់ថា ប្រសិនបើកាបូបដែលកាន់ការផ្គត់ផ្គង់មិនស្អាតនេះ បង្កើនការកាន់កាប់របស់ពួកគេត្រឹមតែ 27% សរុបចំនួន 4 លាន BTC នោះនឹងមិនមានកាក់ដែលនៅសល់សម្រាប់លក់ទេ ដែលជំរុញការផ្គត់ផ្គង់ដល់សូន្យ។
# ប៊ីធាក់ ការផ្គត់ផ្គង់ illiquid (មិនត្រូវបានជួញដូរ) មានចំនួន 14.5 លាន។
If those who #ហូដល the 14.5 million Bitcoin, would increase their holdings by 27%, or 4 million $ BTC, there would be exactly 0 remaining coins available for sale.
Keep buying and HODL. Law of supply/demand will prevail. pic.twitter.com/RUb6gHSif6
— CC15Capital (@Capital15C) ខែមករា 24, 2022
ការអានដែលទាក់ទង | តើ Bitcoin បានឈានដល់បាតរបស់វាទេ? អ្នកវិភាគនិយាយថា វានៅមានផ្លូវវែងឆ្ងាយដើម្បីទៅមុខ
ត្រីបាឡែនផ្សេងទៀតក៏បានទាញយកអត្ថប្រយោជន៍ពីការលក់ដែលកើតឡើងនៅលើទីផ្សារផងដែរ។ ដោយសារការផ្គត់ផ្គង់ប្តូរប្រាក់កំពុងធ្លាក់ចុះ វិនិយោគិនធំៗទាំងនេះកំពុងធ្វើឱ្យប្រាកដថាមិនមានការខ្វះខាតនៅចុងបញ្ចប់របស់ពួកគេ នៅពេលដែលមានការផ្គត់ផ្គង់កើតឡើង។
This is how you buy $1 Billion in # ប៊ីធាក់ ក្នុង ១៦ ខែ។
ពី 0 ដុល្លារក្នុងខែវិច្ឆិកា ឆ្នាំ 2021 ដល់ជាង 1 ពាន់លានដុល្លារឥឡូវនេះ។
នៅពេលអ្នកភ័យស្លន់ស្លោលក់របស់អ្នក។ $ BTC, this is one of the guys buying it.
ទិញ, # ឌី។ អេ និង #ហូដល. pic.twitter.com/fmjpCFjCEI
— CC15Capital (@Capital15C) ខែមករា 25, 2022
ក្នុងរយៈពេលពីរខែ កាបូបត្រីបាឡែនដែលមានសូន្យ BTC នៅក្នុងខែវិច្ឆិកា បានគ្រប់គ្រងដើម្បីប្រមូលការចាប់អារម្មណ៍ជាង 1 ពាន់លានដុល្លារនៅក្នុង BTC ។ គណនីនេះហាក់ដូចជាបានចាប់ផ្តើមទិញជាមួយនឹងការគាំង ហើយបានបន្តធ្វើដូច្នេះតាំងពីពេលនោះមក។ នៅពេលសរសេរ សមតុល្យកាបូបមានតម្លៃ 1,013,777,643.51 ដុល្លារ។
រូបភាពពិសេសពី TokeneoBit តារាងពី TradingView.com
Source: https://www.newsbtc.com/news/bitcoin/bitcoin-whales-take-advantage-of-market-crash-to-gobble-up-millions-in-btc/