$BTC
Below is a breakdown of what constitutes a BTC whale and its implications:
What is a Bitcoin whale?
Major owners: Bitcoin whales are essentially the 'big players' in the Bitcoin ecosystem. They hold enough Bitcoin to influence its price and liquidity.
Thresholds: Although there is no globally agreed-upon definition, many analysts consider anyone holding 1000 BTC or more to be a whale. Some even classify holdings over 10 million dollars in BTC as a whale level.
Types of whales: Whales can be high-value individual investors, cryptocurrency exchanges, institutional investors (like MicroStrategy), or even DeFi protocols.