Whales were once again smart enough to buy the dip during the exact bear market bottom. We should probably take them as an example…

If there is a group of holders in Crypto that are the most interesting to observe, it is the probably the Whales. Any Bitcoin holder with more than 1000 BTC (about $30M) is seen as a whale but due to so many mainstream investors and companies entering Crypto, there are a lot of wealthy people holding 1k BTC that actually have no clue about it. So we should move up to the true elite of Bitcoin holders.

Only 116 Bitcoin holders own over 10k BTC and they alone control about 19% of the total Bitcoin supply. We can be sure that those are mostly older holders as not many single investors were ready to pay over $300M on BTC in the past years, companies did that at most.

Now exactly that holder cohort has been making very precise moves this bear market, from which we could also take one or two tips:

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Glassnode chart from analyst James V. Straten

Here we can see how those Whales have been accumulating at a very high speed, during the exact bottom of this Bear market, while many of them sold during the preceding bull market in 2021. If you look at Whale pattern usually one thing stands out, aggressive selling during the early bull market (profit-taking) and aggressive buying during the late bear market.

This kind of profit-taking during a bull market with no hesitation of possibly missing out on higher prices and very precise dip-buying during the last bear market where we usually in the middle of the bottom formation, is truly a dream of ours.