Do “Crypto Whales” transactions affect on the CryptoMarket?
A weekly digest of major BTC transactions and their impact on the crypto market (13.12.19–20.12.19)
Until recently, reliable information on these questions simply did not exist. On the market, assumptions are regularly made that if someone puts a large amount of BTC on the exchange, then, probably for sell. There are also applications that track abnormally large transactions and notify the crypto community about this.
The STIPS|Oculus blockchain startup team has created a free service called Blockchain screener, which allows you to determine with percentage accuracy the relationship of transactions on any BTC wallet with the dynamics of changes in the BTC price. That is, if a “Crypto-Whale” moves 45,000 BTC, the service catches this transaction, processes it and gives an analysis of where the price will go after such a move. In fact, this is one of the few fundamental factors affecting the price of Bitcoin, inaccessible for analysis to ordinary traders, as it requires large computing power and machine learning.
Watch large transactions in our Telegram channel show that the relationship between movements on BTC wallets and market movement definitely exists and you can even make money on it.
For example, starting on December 11, transactions began to regularly take place that showed a BTC drop of 6–8% Such transactions are rare and their appearance immediately signals the user about abnormal activity in the crypto market with a clear indication of the direction:
16 and 17 of December in Telegram there were only large transactions with negative price dynamics
Soon after, we all saw a 9% drop in BTC. The situation with altcoins was similar.
When the BTC price reached $ 6450, it began has an interesting moment. For the first time in all the time of the flat, a cascade of transactions began to appear with positive dynamics and an indication of the growth of 3–4%. After a couple of hours, the market showed a powerful leap up 15%.
Strong market movements occur not so much for objective reasons, but because of sales and purchases of significant volumes of bitcoin by large holders, cryptocurrency market whales.
Successfully trading of bitcoin, not knowing how large players are currently behaving, is impossible by definition. Accordingly, you will stop losing your money only when you are aware of what kind of game the whales are currently playing, and how this is changing the market.
Stips|Oculus — This is a great tool that allows traders and investors to assess the current market situation and make the right trading decisions
You can follow analysis and benefit right now using our channels:
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Analysts of stipsoculus.com
Kotegov Dmitrii
Kutsenko Nikita
