So, there’s been some serious whale activity lately. Binance dumped around 11,930 BTC, Kraken let go of 14,000 BTC, and even Coinbase sold over 7,000. Plus, a whale from the Satoshi era sold 11,000 BTC after holding for 15 years. Crazy right? This dip is wild!
What's Up with Bitcoin's Current Dip?
20 replies 350 views
orbit_2009Member
Posts: 27 · Reputation: 205
#2Dec 12, 2018, 04:17 PM
Why are people acting shocked? Bitcoin's been stuck for most of 2025 and has been dropping since October. Volume’s been practically dead since last year. Honestly, I saw this coming and started to slowly exit. Facts over feelings, any day.
True, but let’s not forget that it’s not just Bitcoin taking a hit. The whole market's feeling the effects. We might be in for a normal market correction. Time to buy up while everyone’s panicking, right?
quantumguruNewbie
Posts: 26 · Reputation: 24
#4Dec 14, 2018, 07:53 PM
Bitcoin's drop is pretty standard for this bear market phase. The whales want the price to fall even more before buying back in. It’s all panic, but holding is key. You’re not in the red until you sell.
It’s funny how everyone talks about whales dumping. If they're all selling, who’s buying? Corrective phases are normal. Prices can't just go up forever without dips. Remember when BTC dropped to under $5k back in 2020? Look where it is now.
Yeah, and it's funny how these whales will just buy back later on after the dust settles.
For sure, but if the selling doesn’t balance out with buying, we’re in for some ugly price swings. Bitcoin hit an ATH of $126k last October, and now we’re seeing this sell-off, can’t blame the whales for that.
satoshi_apeNewbie
Posts: 75 · Reputation: 20
#8Dec 15, 2018, 03:26 AM
You guys know the answer to all this, right? The selling drives prices down. But it’s not like Coinbase is the only player. There are bigger companies that still hold their Bitcoin.
Some see it as a nightmare, while others view it as a chance to accumulate. If you didn’t have a plan for this dip, it’s rough, no doubt. But those with foresight will thrive long-term.
ledger_2013Senior Member
Posts: 22 · Reputation: 866
#10Dec 17, 2018, 01:43 PM
Exactly, the market moves in cycles. Whales are just reshuffling. The recent dip to $60k was just a part of it, and now it’s bouncing back.
Seems like some ETFs got spooked too, and sold off. The market is super volatile, but I think we’re seeing buyers starting to come back.
Wait, can anyone back up the claims about Binance being responsible for the crash? It feels weird how steep the drop's been.
This is prime accumulation time for those who think long-term. Funny how Binance sells so much after the CEO hinted at a bullish cycle. Feels a bit manipulated.
just_ravenNewbie
Posts: 59 · Reputation: 24
#14Dec 20, 2018, 12:08 AM
Bitcoin went from $15k to $125k in record time. The recent dip feels like a shakeout, not the end. Can’t believe the panic.
2026 is looking bearish based on patterns, but I’m not one to predict the future. Long-term is where I wanna focus, crypto’s got potential if we give it time.
So, if 39,682 BTC plus 11,000 sold, that's a lot on the market. But do we panic? I think it’s a normal reaction, but sell-off could drive us down to $50k.
HumbleChainMember
Posts: 5 · Reputation: 200
#17Dec 21, 2018, 05:55 PM
Yeah, a whale sold during a huge downturn. Weird timing. If they panicked, that’s on them, but lots of people are seeing red now.
wolf_pixelMember
Posts: 9 · Reputation: 73
#18Dec 21, 2018, 09:38 PM
Everyone’s selling because they’re scared. Just waiting for the right moment to jump back in. I’m sticking to DCA and managing my buys.
Most of this selling feels forced, not just panic. The market’s been shaky with macro trends causing adjustments. I still believe in Bitcoin though.
I read somewhere that Binance and other exchanges sold some Bitcoin, causing this dip. This isn’t the first time Bitcoin’s seen a fall like this.
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