Binance Whales Make Deposits of $50M and $8M — Are They Buying the Dip?

[isaa 31]

Whales have just moved over 50M USDT from Huobi and $8M from Bitfinex onto Binance. Many are claiming that this may be a buy signal indicating that the local bottom is in.

It’s not often we hear about millions of dollars worth of cryptocurrency being moved between exchanges. That’s why a recent deposit into Binance originating from Huobi is raising eyebrows. One user has just moved 50,399,967 USDT to Binance, as picked up by Whale Alert (@whale_alert).

https://beincrypto.com/binance-whales-make-deposits-of-50m-and-8m-are-they-buying-the-dip/

[keenvfamily 54]

On May 1, one of them, identified under the name Loaded, sent the sum of 189 million euros through the Bitcoin network (40 000 BTC) and paid only 3.50 euros fee (0.00074227 BTC), thanks to the use of a BTC Segwit address..

[cryptotalker 611]

This is good news, there is a large community waiting for this news for a long time. alts. Coins can take action, hope a large fomo will form.

[Paranoia123 17]

For sure they were buying the dip or they set new buy orders even lower. I do think that once bitcoin dropped under 8k$ it will be just a matter of time until it dropes again.

[dentolas 551]

seems that it is whale time!... these guys never loose a chance to get more profit... you are right this might mean that they'll be buying the dip before pumping to new highs... they are taking advantage of the correction in price, and they already knew about this as they have caused it 😉

or maybe it is time for the alts?

well, with these mamals you never know

for a whale it is fairly easy... they make the market, and they also take advantage from it

 

[bliznec 22268]

On 08.10.2019 at 7:59 AM, Shiftingsand77 said:

I think they are buying the dip. Since the price of btc isnt going below $8000 since it touches $7,800. I'll be expecting another rise of btc in the next few hours.

Today there is an increase in the value of bitcoin. The head of China supported his word at the meeting and people began to buy bitcoin. Such a strong state went to meet Bitcoin and accepted Bitcoin as its brainchild. 

[duncun007 3577]

Yea I think it as some Asian whales that are close to the president who got the memo before it went public so they dumped it and loaded their wallets and now they're in almost 50% gains.

[bliznec 22268]

4 hours ago, Shiftingsand77 said:

So because of china the price went back to $9,000-$10,000 level? Wow that's a great news. Did china accept Cryptocurrency already? I mean they have to unban the exchanges and trading platform in their country too.

The leader of China expressed through the media to the whole country that supports bitcoin and more. Immediately after this statement by a Chinese official, information went to twitter. 

[xBDT Script 4371]

That's nothing new and I think it's not a signal. A group of people are trying to create FOMO you know, this will in short term get them benefit.

Although I am not sure, It's obvious that the person has moved from Houbi to Binance because of its facilities. What's wrong in purchasing coin in Houbi? Why Binance? If you are regular trader at Houbi, you will never feel the need of switching the exchange, unless other offers something better. That'w what happened here.

I wouldn't take such activities any kind of signal, it's a normal incident for me.

[bliznec 22268]

3 hours ago, Shiftingsand77 said:

No, thats wrong. The chinese leader didnt talked about Bitcoin. Instead, he's only interested in blockchain technology and that technology alone, no cryptocurrency involved. In what news have read that the Chinese president said he's interested in bitcoin? 

China's President Xi: Adopt blockchain as an important breakthrough for independent innovation of core technologies

I read the news on Twitter. So I'm wrong that Bitcoin is not related to blockchain. Sorry, I was wrong. Mention there was no bitcoin, there was a blockchain, to put it more precisely

[xBDT Script 4371]

2 minutes ago, bliznec said:

Sorry, I was wrong. Mention there was no bitcoin, there was a blockchain, to put it more precisely

Blockchain is just a technology, bitcoin is using blockchain technology to record the ledger with timestamp and other data regarding transaction. Blockahin has a lot of other corner to grow other than bitcoin. Most of the countries are thinking of using blockchain in various aspects in the daily life of people. Banks are also thinking and already some bank are using blokchain in one way or another.

Just now, Awaremooner said:

Moving million between exchanges can be for arbitrage trading though

This can be another reason of moving fund, people always think out of nothing. It will be either arbitrage or someone is moving.

[webdeals 70]

On 10/7/2019 at 10:55 PM, isaa said:

Whales have just moved over 50M USDT from Huobi and $8M from Bitfinex onto Binance. Many are claiming that this may be a buy signal indicating that the local bottom is in.

It’s not often we hear about millions of dollars worth of cryptocurrency being moved between exchanges. That’s why a recent deposit into Binance originating from Huobi is raising eyebrows. One user has just moved 50,399,967 USDT to Binance, as picked up by Whale Alert (@whale_alert).

https://beincrypto.com/binance-whales-make-deposits-of-50m-and-8m-are-they-buying-the-dip/

hi Isa, there are many factors that might be considered behind this. Often Binance is launching some campagne where having a certain amount of BNB that is their currency, you are entitled to partecipate to a lottery with some winning tickets. More you hold more chance of winning you have. So this could be even anther reason of it.

[webdeals 70]

7 minutes ago, Awaremooner said:

Speculations like this is the reason I made trading secondary thing and made......lol the primary means of increasing my holdings after all, I have invested bitcoin on a coin that died immediately it listed and I have also thrown money away at ICO so gambling my coins to me isn't a big deal and I have been making profits

how and where do you do trading then? I know the feelings about ICO... I was into bitconnect too sadly and I know friends that have been hardly touched by their scam. So I do really know what do you mean.

[webdeals 70]

Just now, Awaremooner said:

I trade on Kucoin and Yobit. I trade occasionally but I bet/ gamble on football matches with my crypto coins almost on a daily basis. It pays me more than waiting for these market movers/ whales

ohhh I see... I am not lucky at all betting on games 😄  I can easily lose my entire income even on matches that are quoted 1.01 ahahaha blimey me. Think once I went to bet at the horse race... I gave the 3 winning horses in order... the lady did a mistake and they didn't want to pay me 😞 

[bliznec 22268]

4 minutes ago, Shiftingsand77 said:

That's okay bud, I was just making it sure I also have read the same news as yours. But this news triggers the market to sky rocket specially bitcoin who gained almost 35% in just a few hours after the news came in.

It's nice to see when your balance is replenished and gradually grows. From this action comes the matter.

[iloveyobit 6599]

yes i think that and i think this a good thing for bitcoin and crypto , but no one can expect whales moves , it coulde be and  intentional movement and they will withdrawl the founds later so they can dump the market 

[webdeals 70]

16 hours ago, Awaremooner said:

May just be a trader moving to another exchange for one reason or another. It can also be for arbitrage trading too. So the fact these guys move their bitcoin is no big thing except the people that reported this want to use it as an avenue to pump bitcoin

yes I do agree... the one that is taking advantage from this movement is probably the one that is sharing this info. The reason behind this movement could be anything... even that they trust more binance than the previous wallet or exchange... who knows. 

[Emma 611]

On 10/27/2019 at 4:22 PM, webdeals said:

ohhh I see... I am not lucky at all betting on games 😄  I can easily lose my entire income even on matches that are quoted 1.01 ahahaha blimey me. Think once I went to bet at the horse race... I gave the 3 winning horses in order... the lady did a mistake and they didn't want to pay me 😞 

i personally like horse betting. i know you are interested about horses because your profile picture proofs that😇

15 minutes ago, webdeals said:

reason behind this movement could be anything... even that they trust more binance than the previous wallet or exchange... who knows

if the wanted to use binance as a wallet, they could buy a hardware wallet for this also.

[webdeals 70]

3 minutes ago, Emma said:

i personally like horse betting. i know you are interested about horses because your profile picture proofs that😇

if the wanted to use binance as a wallet, they could buy a hardware wallet for this also.

eheheh true.. I like horses especially because I am a vet therefore in contact with many animals. I don't own horses and said before I am not good in betting... I can lose easily with the most common result.

[Rares002 262]

Looks like this was some kind of strategy to dip the price and then pump it to a higher value. Because initially the price dropped under $8000 and it suddenly rised up again but over $9000 this time

[Cryptominded 704]

On 10/7/2019 at 10:56 PM, keenvfamily said:

On May 1, one of them, identified under the name Loaded, sent the sum of 189 million euros through the Bitcoin network (40 000 BTC) and paid only 3.50 euros fee (0.00074227 BTC), thanks to the use of a BTC Segwit address..

Very low fee is one of the beauties of crytocurrency!  With fiat, such a huge transfer would have eaten deep into the 189 million Euros, passing through myriads of check and regulations and of course not fully settled in a day.

 

[dentolas 551]

It is interesting to know about these alerts, sometimes something like this can signal a larger movement in the market, but most times this means something that doesn't even cross our minds and that has nothing to do with market movements

On 10/27/2019 at 10:19 AM, Awaremooner said:

I trade on Kucoin and Yobit. I trade occasionally but I bet/ gamble on football matches with my crypto coins almost on a daily basis. It pays me more than waiting for these market movers/ whales

Nice one with the matches... what is your favourite site?

[Crypto123 0]

These numbers are really scary, and when the whales start moving they move the market and exchanges so I think it's good to monitor their movements, let's wait and see what happens.

[on1k3n 470]

Everyone prepare for the best. Maybe this is a sign to start buying stock. I try to mirror the whales, but I don't have whale money. It could be an distraction, and that they could be setting up something more sinister.

We can't just post in the forums, we have to do something about it. Sike! I'm sure it's nothing major, but that is a lot of money deposited. Maybe the whales are Yobit, and they're trying to take over the world. 

[Keith700 1885]

On 10/7/2019 at 5:55 PM, isaa said:

Whales have just moved over 50M USDT from Huobi and $8M from Bitfinex onto Binance. Many are claiming that this may be a buy signal indicating that the local bottom is in.

It’s not often we hear about millions of dollars worth of cryptocurrency being moved between exchanges. That’s why a recent deposit into Binance originating from Huobi is raising eyebrows. One user has just moved 50,399,967 USDT to Binance, as picked up by Whale Alert (@whale_alert).

https://beincrypto.com/binance-whales-make-deposits-of-50m-and-8m-are-they-buying-the-dip/

The Dip is already done, you could expect a recession of the price below and the rise starts again.
It is common to see this type of practice but do not get carried away by the whales, they are secondary look at the structure of the market do not be fooled so easy.