The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

This Group of Investors Drives Bitcoin Bull Markets, According to Analyst Willy Woo – And It’s Not Whales

by Daily Hodl Staff
July 18, 2021
in Bitcoin

Prominent on-chain analyst Willy Woo says that a particular investor cohort is the driving force behind Bitcoin (BTC) bull markets.

Woo claims that small holders, or entities that own less than one BTC, continue to stack Bitcoin as they outpace the selling of large entities or whales.

“Chart: Weekly net flows to small holders (of less than 1 BTC).

It’s retail that [drives] Bitcoin bull markets. When they stop buying, that’s a bear market warning. They haven’t stopped buying.

Last 30 days: Whales sold [4,000] BTC, plebs [retail] bought [31,000] BTC.”

Image
Source: Willy Woo/Twitter

According to the top on-chain analyst, whales only influence the short-term price action of Bitcoin, a theory that runs contrary to the belief of many traders that large entities are the ones driving the state of the market.

“Whales only drive the [short-term] market (which is the meme that most fixate on).

In the macro timescale, I refer to whales, dolphins, and sharks bootstrap the start of a bull market. Plebs drive the middle and end of the bull market.”

Looking at whale activity, Woo notes that smaller whales are offsetting the selling pressure coming from their larger counterparts.

“My data is *all whales* (holders above [1,000 BTC] minus the exchanges who are also ‘whales’ in the raw data).

What’s happening is large whales selling, small whales accumulating, netting to near neutral.”

Image
Source: Willy Woo/Twitter

Fellow on-chain analyst Will Clemente echoes Woo’s findings, saying that whales who own 1,000 to 10,000 BTC continue to add to their holdings.

“This is using entities, so 1,921 whale entities [hold 4,216,730 BTC].

It’s a nice uptick, but keep in mind this has trended down for months. Watching to see if this is perhaps a new change in trend (whales accumulating instead of distributing). Also watching new whales.”

Image
Source: Will Clemente/Twitter

In May, Woo said he believes Bitcoin is in the middle of a bull cycle, saying the king crypto’s harsh correction from $64,000 to around $30,000 could be healthy for the long-term outlook of the market. He also predicted that Bitcoin will rally to $157,000 after this “weird pullback” ends.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Liu zishan

Submit a Press Release

Industry Announcements

  • MultiBank Group Confirms MBG Token TGE Set for July 22, 2025
    July 11, 2025
  • PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture With Decentralized Finance Ecosystem
    July 10, 2025
  • Aptos Labs Expands Leadership With New Chief Business Officer
    July 10, 2025
  • Falcon Finance Unlocks Real-World Asset Utility With First Live USDf Mint Using Tokenized Treasuries
    July 10, 2025
  • MBG Token Pre-Sale Set for July 15 – Only Seven Million Tokens Available at $0.35
    July 10, 2025
  • YZi Labs Invests in Aspecta To Pioneer Universal Price Discovery Infra for Trillion Illiquid Assets
    July 10, 2025
  • NovaEx Launches With a Security-First Crypto Trading Platform Offering Deep Liquidity and Institutional-Grade Infrastructure
    July 9, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$117,830.57
$117,830.57
1.22%
Ethereum
$2,969.73
$2,969.73
0.25%
BNB
$695.00
$695.00
0.75%
Solana
$163.85
$163.85
0.66%
XRP
$2.81
$2.81
8.9%

Spotlight

  • Economist Alex Krüger Outlines Three Bullish Catalysts for Bitcoin, Says Upcoming BTC Breakout Will Be ‘Explosive’
    July 4, 2025
  • Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP
    July 4, 2025
  • ‘I Don’t See How We’ll Do That’: JPMorgan’s Chief Global Strategist Says White House’s 3% US Economic Growth Projection Unsustainable
    July 4, 2025
  • Fundstrat’s Tom Lee Says Ethereum Should Be ‘Worth a Lot More Money,’ Outlines ETH’s Path to $10,000
    July 4, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl