$94k GVT Part 3: The Whales are Accumulating

Here we can see a whale accumulating from weak hands, it takes several weak hands to feed a single whale

What you are about to read is pure speculation, supported by cherry picked facts. Draw conclusions on your own and believe what you like.

I believed that for a very long time, Genesis Vision was a Token that was not well known to the greater crypto community. While I believe this statement is still mostly true, I can say with almost absolute certainty that GVT has attracted the attention of some whales with very deep pockets.

First, lets look at volume and price action. Historically GVT was quite low in volume for many months. I remember the days when daily volume ranged between 80 to 100 BTC on Binance. And it was subject to the occasional pump and dump, where we observed sudden spikes in both price and volume.

However, we have entered into a period of trading that appears to be whale accumulation. I say this for two reasons:

1. Ever since 3/13 price has been relatively flat, or sideways

2. Ever since 3/13 volume increased several fold and has remained at a high and stable level

When I see price going sideways, for an extended period of time, I believe it is the result of whale accumulation.

What you should know…

Understand why whales want to accumulate

Accumulation began less than a week after GV’s first major partnership with L&H. Having this partnership secured signaled to a select group of whales that GVT was the real deal. To the whales, this partnership strengthened the perceived execution ability of the team, and therefore they decided to add GVT to their bags. And they wants lots of GVTs

Except there was one problem. Historically the order books for GVT were anemic. Meaning a relatively small buy order could push the price up significantly. Ironically, this is one of the issues Genesis Markets is trying to solve.

For the whales, they have few tricks up their sleeves. One of them being that they have tons of money, which makes them whales in the first place. And the second is that they are pretty smart, this is why whales stay whales, and why whales typically only get bigger and richer over time. See below for a technique frequently used to accumulate:

If you already own GVT, having whales accumulating is actually a pretty good thing. It means that you own what the whales WANT to own. I think this is a really powerful thought, so I’ll say it again.

“If you own GVT, you own what the whales want to own more of”

Whales don’t accumulate something because they think it will go down in value. Whales drive down the value, so they can accumulate, because they in fact believe very strongly that GVT will go up significantly in value. Whale accumulation is a VERY bullish sign.