When we hear the word “whale” in the world of cryptocurrencies, we believe in the power and influence of the market. Being the latter which interests us here, it is time that we evaluate what is the secret (not so secret) of the Whales Crypto. These Whales Crypto possess a large amount of a criptomoneda in particular and you can change the direction of the market the way they want. There’s no question. Now, if we talk about great actors that is referenced with this name, we find institutions such as Hedge Funds and Bitcoin Investment Funds. Despite the fact that we know what they are and that they move, we can’t always know for sure that in fact the whales are moving. How is this possible? Well, simple: the Whales Crypto greatest are those that are not normally on the surface. In turn, the main protagonists of these events are typically institutions, such as the one described above. Whales in Crypto are larger which are not normally on the surface. Don’t want to make it clear their movement. These Whales Crypto generally manage hundreds of thousands of Bitcoins, which are then placed strategically and secret in the market. This last is done through exchanges made by means of special agreements, out of sight and hidden by the retailers regular.
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This, then, is the secret not-so-secret of the Whales Crypto: no want to make too obvious his movement
If this were to occur, and these trastocaran daily the market with its immense power, it simply would lose its purpose, that like the smaller players, is to buy low and sell high. On the contrary, what the whales more great often do is stagger and hide their entries in the market, dividing the large operations on hundreds or thousands of small orders and then gotearlos in the market for hours, days or weeks.
Why do they do so?
Because any large order for purchase or sale of a single time not only would change the direction of the price of the criptomoneda in a particular direction. It also would increase or decrease the per-unit cost of the purchase or sale of the same. To save that cost, the Whales Crypto must be smarter and must stagger their orders of purchase and sale, and in this way avoid a material impact on the price. In consequence, sometimes it is not of the order of 1000 BTC that you see there, or 60 BTC that passed through the hands of a retailer. It is sometimes much more complex than that, and that’s why I call it the secret not-so-secret of the Whales Crypto. Some experts recommend the small fish swim with the whales, but walk away when the mood starts to become frantic close to the surface. When exactly this happens last? Is the question for us who follow closely, this phenomenon of “Whale-Crypto” in the market. The following two tabs change content below. A degree in Liberal Studies from the Metropolitan University. Lover of innovation and a believer of the technology for the future.