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?!
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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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