Crypto whales significantly influence market trends through strategic transactions

Whales hold large assets: Crypto whales are KEY players, possessing significant amounts of cryptocurrency. Their involvement in the market can lead to substantial price shifts, influencing both bullish and bearish trends. By understanding whale activities, traders can predict potential market movements and adjust their strategies accordingly.

Trading impacts prices: Whales’ large trades, post significant market events like Bitcoin’s peak over 103,000 USD, exacerbate market volatility. This can prompt panic selling or buying, affecting retail investors. Traders track whale activity to gauge future market trends, using blockchain transparency to observe these influential moves.