Whales in the World of Cryptocurrencies: Who are they and why do they control the market?

Whales in the world of cryptocurrencies are people or companies that hold large amounts of currencies, like Bitcoin for example. They have so many coins that if they decide to sell or buy a large quantity, they can influence the price of the currency and raise or lower it.

They are like whales in the sea: big and powerful, and their movements affect the entire market. If they suddenly sell a lot, the price of the currency drops, and if they buy a lot, the price goes up.

People monitor their movements to know when the market might turn, and this is important, especially if you are buying or selling cryptocurrencies.