Market Analysis: Bitcoin Selling Pressure at $115K-$125K

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Posts: 35 · Reputation: 38
#1Sep 26, 2017, 05:53 AM
The Bitcoin scene is getting intense, looks like it's stuck in the $115K to $125K range. Whales are selling off big time, like around 116K BTC in just the last month, which is a whopping $13B. But the big question: is this them distributing their coins or are they just accumulating? Seems kinda sketchy to me...
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mr_apeNewbie
Posts: 170 · Reputation: 35
#2Sep 26, 2017, 11:24 AM
You’re tossing around claims but where’s the data? Mixing in this "on-chain data" buzzword but no proof. I mean, real transactions, man. Can you share any specific whale sell-off examples? Or is it just a bunch of wallet transfers like any other?
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b3ar69Full Member
Posts: 43 · Reputation: 401
#3Sep 28, 2017, 04:41 PM
If these whales are truly selling fast, let's talk about where they bought in. They ain’t selling at a loss for sure. I mean, like pooya87 said, more details would really help clarify your stance and make it stronger.
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nickhashMember
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#4Oct 1, 2017, 03:15 AM
Seems like some folks just drop info they think will impress those who don’t really know how the market tick. If you check their profiles, usually it’s just randoms trying to get clout. Gotta back your claims with facts, otherwise, it’s just c+p nonsense.
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gr3g.4ltFull Member
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#5Oct 2, 2017, 11:24 PM
Where do you even pull these stats from? It’s key to reference your sources in crypto, especially when it’s so volatile like Bitcoin. Not saying you're wrong, but a little backing would really help everyone here better understand your take.
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5igm4777Member
Posts: 56 · Reputation: 131
#6Oct 3, 2017, 05:13 AM
Right? Anyone can just say whales are dumping at $120K-$125K without real proof. OP, not everyone eats up every headline. If you’re throwing numbers around, you better bring the facts to back it up.
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Posts: 35 · Reputation: 38
#7Oct 3, 2017, 05:18 AM
Still need proof? I’ve got this sixth sense for market moves, trust me, I’ll let you know when it’s gonna rise again.
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