Whales: Who Are They and How Do They Influence the Market?
In the crypto market, there are players who can move asset prices – these are whales. Whales are investors or funds that hold a massive amount of cryptocurrency and can significantly influence the prices of coins through their trades.
🔹 How do whales move the market?
✅ Pump and dump – mass buying or selling of an asset that creates sharp price spikes.
✅ Liquidity manipulation – large orders can create the illusion of demand or supply.
✅ Forced liquidation – whales can trigger stop orders of small traders, causing a chain reaction.
🔹 How to track the actions of whales?
🔎 Monitor large transactions through Whale Alert.
🔎 Keep an eye on trading volumes and the order book on Binance.
🔎 Analyze price behavior before significant movements.
Remember that the cryptocurrency market is a high-risk environment, and it is important to manage risks!
📊 What do you think about the influence of whales on the market? Let's discuss!