I am pretty sure most of the whales were accumulating BTC for the last few months and even at todays high price they are probably still underwater.

Go to tradingview and look at the GBYTEBTC chart on Bittrex under the H1.

Look at all the huge buys walls that went on for hours and hours like on Aug 8th, July 24th, July 25th, etc.

This coin might be back to the $1000 USD range in the near future.