When it comes to investing in assets like market stocks or crypto coins or tokens, taking profit can be a two way thing. It can either be to buy new upcoming potential assets or probably shaking up the market to enter at a better position. At least when it comes to stocks, Warren Buffett and his Berkshire Hathaway team are good on this strategy. How about the cryptoverse? It is a game of the whales.
You can't deny anyone a ‘take profit’, this is one of the freedoms of being in the financial markets. This environment can be tagged ‘an advantage-disadvantage’ depending on when exactly you entered and when you are planning your exit. This is why it is most times said that the financial market is not profitable for short termers.
We have been seeing a selling pressure for three months now. If it were to be for the period of September, it would have mostly been understandable. At least it has these records and one way or the other, many have adjusted their emotions to fit in. There is a saying, records are meant to be broken. Once a hallmark has been set, it can be an added advantage.
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What am I saying here? If there is any best time to offload, I think it is in the months of October and November. It is like striking when no one is seeing it coming. Personally, I wouldn't have predicted Bitcoin to sell below 100K after that rally. At least, if there were to be a correction, we should be talking from January or February.
As we speak, Bitcoin just bounced back from a below 90K price drop from the one week price chats I just looked at. It has been selling upon selling upon selling. While you thought the entire market was correcting itself, you soon get another hit. How do you feel waking up to see Hive and LEO bleeding?. It sometimes feels like it was just a glitch but after refreshing you get to understand this thing is very real.
Who is offloading? Maybe we can backdate this transactions to its early moves from July when 80K worth of BTC was pulled out. A whale was pulling out around $9 billion worth of BTC; a profit estimated around 72,000x profit.
Ok, the pressure wasn't that feasibility but it seems one way or the other it was paving a way or inciting others to follow suit. A 72,000x take profit margin without doubt is worth every dime investment time and yes, it was a HODL since 2011.
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Fast forwarding, it seems such an activity is continuing. There is no such heavy sell off but we have to consider some small cluster transactions that add up to impact. We can even consider the liquidations wipe out after a new all time high in November. trade wars between US and China saw $19 billion sucked out of the cryptoverse.
Before then, a whale had already pulled out 3K worth of Bitcoin which was worth over $250 million the preceding month. As I earlier said, for September, it would have seemed a “no shaking’. Anyway, we have to really focus back on that ALL time liquidation. Another October big sales was the $188 million worth of assets pulled out from Binance exchange by one of its whale investors.
To conclude, let me add, It seems many long term investors are restrategizing. Consider the moves ‘7 siblings’ made around August when they were offloading for some adjustments. The bounce back in purchasing $42 million worth of Ethereum this November at around $1700 ETH price.
You can see what I mean here, the market is preparing for new entry points. Maybe big investors are shuffling up ahead of 2026. It is only a pity that the down the ladder investors are the ones taking more pressure. I guess Rich Dad was right when he told Robert Kiyosaki, ‘don't be medium’.
Posted Using INLEO