by Hodler Ash 
What Does Whale In Crypto Actually Mean ?
2017 really saw the hike of all cryptocurrencies and ever since the amazing rise in the price of bitcoins happened, people are showing more and more interest with every passing day. In 2019 also, cryptocurrency is very famous and many people want to know a lot of things about it.
If you are in the crypto field for quite a long time now, you must have come across this one term called “ whale ” or “ crypto whale ”. If you are wondering what this term actually means, here is the answer.
The term “ whale ” is actually used very frequently in the world of cryptocurrency to describe crypto wallets and addresses under which huge amount of the Crypto coins such as Bitcoins or any other as well as token are contained. This metaphor actually came after the whole Crypto seen was considered as an ocean while the movement of the market is considered the waves.
“ Whale ” while describing a lot of addresses or crypto wallets has been misused because metaphorically whale is the largest animal in the ocean but considering the amount, a lot of people can have such amount of coins and it cannot be determine the most because there are huge chances that the other person has more. Many people believe that without turning many of the Crypto wallets and addresses as Bitcoin whale, people should actually term it Bitcoin dolphin. Back to the metaphor, dolphins are basically significant in an Ocean but are not the largest of them all as the whales.
The Real Bitcoin Whales In The Market
The biggest whales in the crypto market are the ones who add and move around more than hundred thousand bitcoins. They are the biggest players of the market and it is no doubt that these Crypto exchanges often overshadow the small fishes in the market. The movement of Bitcoins is done very strategically and the reason behind it is not to influence the price of the Bitcoin and to cause a price slide in a very less amount of time or a price explosion. The hedge funds and the Bitcoin mutual funds are the two biggest whales in the market that definitely has huge powers. Pantera Capital, Coin Capital Partners, Falcon Global Capital and many more are such companies who are big whales.
Can These Bitcoin Whales Change The Market ?
The large capital that these Bitcoin whales have, give them the power to move the market in any way possible according to their will. Back to the metaphor again, if a whale moves in a particular direction all other sea creatures can do is avoid or move along the direction that the whale wants them to move in. In the short term, no movement in the crypto market can actually divert the way that the big whales want to go. In a long-term however, there are chances.
How Do They Affect The Market ?
Any fund’s desire is to maximize the profitability which requires it to set a strategy and correctly analyse the market environment to know the kind of direction the chart will actually go in. This is actually very important because the small investors play a role as well. Along with the whales, the small fishes swim and they are not to be ignored at all.
After the analysing and assessing part is done, it is very necessary to identify the opportunity and then direct all the participants in that direction that is ought to maximize the profitability. This strategy is actually practiced very widely by the hedge funds and most of the foreign exchange markets as well as big banks also have teams of traders who strategize and plan things this way. The opportunity is to be seized and the time limit to do so can even be 1 day or even be several weeks.
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