stated a report A talk published by popular cryptocurrency trading company OKEx that retail investors chased the price of Bitcoin when it was trending higher in the past few months.

In contrast, bitcoin whales and institutional investors were reaping profits and buying dips.

Individual traders chase the price while the big ones are making profits:

OKEx has partnered with blockchain data analytics firm Kaiko to analyze data from OKEx’s most used trading pairs, BTC/USDT.

The two companies followed the performance from August 1, 2020 to November 30, 2020.

They divided trading activities into several different categories, and these categories include:

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• Transactions under 0.5 BTC, between 0.5 BTC to 2 BTC (retail traders or retail traders)
• Between 2 bitcoins to 5 bitcoins (professional traders)
• Between 5 bitcoins and 10 bitcoins, and 10 bitcoins or more (whales, or institutional investors)

Despite insisting that orders containing 10 or more bitcoins come from large traders, whales and institutions, the report acknowledged that they are difficult to distinguish due to the lack of strict limits for these types of traders.

However, the behavior of individual traders seemed rather evident during this period when the value of Bitcoin nearly doubled.

The table below, which shows the trend by month, shows that small investors continued to execute orders in October and November, despite the higher prices.

Quoting from the report the following:

Individual traders mostly continued to increase their positions while the prices were rising.

On the other hand, major whale and institutional traders have accumulated the bulk of Bitcoin around $10,000 and decided to take profits during this rally.

Traders’ behavior during a dip:

A few weeks ago Bitcoin fell, dragging the entire market with it in a matter of hours.

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The report revealed the topic of our article about how various traders acted during these negative developments.

As expected, the report confirmed that small traders sold their bitcoins, while whales and institutions bought the dip.

The situation was repeated as soon as the market started to recover.

The table below shows how the whales and top traders have earned, with the exception of the majority of individual traders.

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In the end, the report by OKEx and Kaiko highlights the most important differences between these traders, saying that whales and institutions are buying low and selling high and that they are the biggest beneficiaries of bitcoin’s volatility.

It may seem obvious to many traders but commitment, isolation and other techniques enable great traders to make more profits.

While individual traders (less than 2 BTC) do not comply, which is confirmed by the figures shown in the report.

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