It is always said about "The Bulls" and "The Whales" but what are they? - Below is a brief explanation.
In the world of cryptocurrencies, the terms bulls and whales refer to different types of market participants, and they do not mean the same thing, although both can influence prices. Here I clearly explain the difference:
🐂 Bulls
Definition: People or traders who believe that the price of a cryptocurrency is going to rise.
Typical action: They buy cryptocurrencies expecting to sell them at a higher price in the future.
Mindset: Optimistic.
Example: A trader who buys Bitcoin because they believe it will rise from $30,000 to $50,000.
✅ "Bullish trend" = Bullish trend → The market is rising because there are many bulls.
🐋 Whales
Definition: Individuals or entities that hold large amounts of a cryptocurrency.
Power: They can move the market with their purchases or sales due to the volume they handle.
Example: A Bitcoin whale may hold thousands of BTC. If they sell suddenly, it can sharply lower the price.