Whales (large investors) can influence the price of Bitcoin on platforms like Coinbase and Binance due to the significant volume of their transactions. Here are some important points:

*Whale influence:*

- *Movement of large volumes*: When whales buy or sell large amounts of Bitcoin, this can cause significant fluctuations in price.

- *Impact on liquidity*: If a whale decides to sell a large amount of Bitcoin, this can temporarily reduce liquidity in the market, leading to a price drop.

*Differences between Coinbase and Binance:*

- *Liquidity*: Binance usually has more liquidity due to its high trading volume.

- *Fees*: Transaction fees on Binance can be lower for large volumes, attracting more whales.

*Monitoring:*

- *Whale Alert*: Tools like Whale Alert monitor movements of large amounts of cryptocurrencies, helping to predict possible price fluctuations.