The two biggest BTC wallets belong to exchanges. And dont get me wrong, watching them too is important.
I however choose to monitor the holdings of this whale. Back in early November, just as we were approaching the all time high, this whale sold 1500 BTC, which was about 2% of his/her bag (yet significantly more than I will ever own in my entire life).
Following from that day, the whale continued to buy through DCA – roughly 150 BTC per week. Again, several time more than my entire wealth every week.
But in the last two weeks, all while BTC has been less than $45k, the whale has purchased more than 3000 BTC – double what he/she sold in November.
One of my ‘take profit’ strategies is to simply sell some of my coins when I see 1P5Z sell.
I don’t know shit about fuck, but the whales …they do.
submitted by /u/gnarley_quinn
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