The influence of the 【whale】 in the cryptocurrency market has been revealed! How much involvement is there in the decline of BTC price, and what are the detailed details?!
The Whale's Influence in the Cryptocurrency Market Finally Revealed!
Chainalysis, a blockchain analysis firm, summarized how individuals who hold large amounts of cryptocurrency, so-called whales, are impacting the Bitcoin market and published it as a report.whales
In August 2018, according to Bloomberg, there were rumors of 2 billion-dollar whales or large Bitcoin holders whose selling of 2 billion dollars worth of coins could cause Bitcoin’s value to drop by 15%.
The rapid decline in value and the whispers about the source of that shadow alerted Bitcoin investors of all sizes to a market potentially controlled by a few giants capable of instant price drops.
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