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In the world of cryptocurrencies, the term 'whales' refers to large holders of digital assets. These can be private investors, companies, or even exchanges that hold such large volumes of cryptocurrency that their actions can significantly influence the price and liquidity of the market.
📌 Who can be considered a whale?
There is no single threshold, but usually a whale is referred to as an owner:
BTC — from 1,000 BTC and above
ETH — from 10,000 ETH and above
For altcoins — a share capable of influencing trading volumes on a specific exchange
Whales often become visible in blockchain scanners when they move large sums to or from exchanges.
💹 How whales influence the market
1. Price manipulation — large sales can crash quotes, while large purchases can cause a rise.
2. False signals — sometimes whales move funds between their wallets, creating an illusion of activity.
3. Timing of entry and exit — whales often buy during moments of panic and sell when retail investors show euphoria.
⚠️ Risks for ordinary investors
Sharp price fluctuations during large transactions
Panic selling during downturns
False 'bullish' or 'bearish' signals
🔍 How to track whale activities
Whale Alert, Glassnode, Santiment — services that track large transactions
Monitoring addresses of known funds and exchanges
Analyzing trading volumes on exchanges
📊 Conclusion
Whales are the 'heavy artillery' of the crypto market. They can cause powerful rallies as well as price crashes. By understanding their behavior and tracking fund movements, investors can better gauge market sentiment and make more informed decisions.
