Bitcoin tsunami! When whales unleash their power!


Mon 25 Mar 2024 ▪ 4 min reading ▪ by Eddy S.

The gusts of wind announcing the arrival of the tsunami initially blew in a disturbing murmur. Then came the explosion: the cryptographic markets were shaken to their foundations by a movement of incredible violence. The Bitcoin whales have awakened from their long torpor to throw their behemoth wallets into the arena.

Bitcoin whales

A groundswell of profound change

The scale of the phenomenon is commensurate with its destabilizing potential. In just a few days, the dormant supply of Bitcoin – these coins that have remained immobilized for years in the shadows of institutional portfolios – experienced its most violent wave in two years. A monetary tidal wave of exceptional power which does not bode well for ambient stability.

Although analysts strive to reassure by talking about “profit-taking” strategies, no one is fooled. Because behind these simple words lie capital movements with gigantic consequences for ordinary investors. By releasing such colossal quantities of Bitcoin onto the markets, whales inevitably trigger speculative storms of rare intensity.

However, perhaps the most worrying thing lies in the psychological repercussions of such a shock on the mass of investors. Because if even the supposed “hodlers” of the last hour give in to the sirens of quick profits, what can we say about the discipline of the small carriers faced with the horrors of this new raging sea?

Discover our free newsletter This link uses an affiliate program

The kingdom of Bitcoin under the shadow of crypto giants

Beyond the speculative tsunami represented by this whale wave, it is the very structure of power within the Bitcoin ecosystem that is being called into question. By dropping massively from one part of the crypto kingdom to the other, these new megalodons are forcing the established authorities to bow down.

Just this week alone, nearly 60% of the whales' trading positions switched to “long” mode on Bitcoin. A terrible steamroller Bear rolling the launch pads towards hypothetical new bullish highs.

What then can we say about the additional power given to them by their plump presence in the spheres of derivative products? By positioning themselves in strength on these highly leveraged instruments, whales now have the capacity to significantly influence the underlying trends of the Bitcoin market.

Thus, while the earthquake spreads from dysfunction to dysfunction within the crypto infrastructures, the dull roars of the Bitcoin whales intensify the pace. Monetary black tides, massive distortions of market trends or even threats of structural interference, the worrying signs are multiplying without anyone being able to predict the final epicenter of this financial explosion.

Maximize your Cointribune experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.


Eddie S. avatarEddie S. avatar
Eddy S.

The world is evolving and adaptation is the best weapon to survive in this undulating universe. Basically a crypto community manager, I am interested in everything directly or indirectly related to blockchain and its derivatives. In order to share my experience and raise awareness of a field that fascinates me, there is nothing better than writing articles that are informative and relaxed at the same time.

DISCLAIMER

The comments and opinions expressed in this article are those of the author alone, and should not be considered investment advice. Do your own research before making any investment decisions.

Related Posts

$9.5 billion options expire this Friday

8:29 a.m. ▪ 3 min reading ▪ by Fenelon L. This Friday, crypto derivatives exchange Deribit is preparing to experience one of the largest Bitcoin options expirations…

Towards a bitcoin supply crisis?

2:00 p.m. ▪ 4 min reading ▪ by Luc Jose A. While the wind of the resumption of its upward momentum is still making people happy, there…

A drop below $50,000 before the Bull Run?

Wed 27 Mar 2024 ▪ 3 min reading ▪ by Eddy S. Bitcoin, the cornerstone of the cryptocurrency market, is facing unprecedented turmoil in 2024. CryptoQuant CEO's…

the halving is less than a month away, what will change?

It is the most attended event in the crypto ecosystem. The Bitcoin (BTC) halving is fast approaching, and it is generating its share of hope and transformations….

woman arrested in possession of 2 billion pounds (GBP) of cryptocurrencies

It is the largest cryptocurrency seizure in UK history. A woman has just been found guilty of setting up a vast money laundering enterprise, which used several…

ETNs are coming soon to the London Stock Exchange

The London Stock Exchange (LSE) announced on Monday the upcoming arrival of Exchange Traded Notes (ETN) Bitcoin (BTC) and Ethereum (ETH) on its Exchange. What are the…

Leave a Reply

Your email address will not be published. Required fields are marked *