🐋 Crypto Whales: Who are they and why is everyone watching their movements?
In the cryptocurrency market, whales are investors or funds that hold vast amounts of tokens. A single transfer from such players can influence the price — and this is no exaggeration.
🔍 What traders track:
- Transfers from wallets to exchanges — possible sale
- Transfers from exchanges — possible HODL
- Unusually large transactions
📈 Examples:
- A transfer of 10,000 BTC from a wallet to an exchange can trigger a panic sell-off
- A reverse transfer — on the contrary, instills confidence
🛠 Where to follow: Whale Alert, Lookonchain, Arkham, and others
💡 Conclusion: Whales shape market sentiment. Their actions are not a signal to buy or sell, but an additional factor for analysis. Don't panic, but use the information wisely.