Bitcoin "whales" are entities holding vast amounts of BTC (typically 1,000+). Their movements, visible on the public blockchain, significantly impact market sentiment and price. Large transfers to exchanges often signal potential selling pressure, while withdrawals to cold storage can indicate accumulation and bullish long-term outlooks. Tracking whale activity helps traders anticipate volatility and understand underlying market dynamics, though their actions can also be manipulative or simply involve rebalancing portfolios.
