Hello to my friends who love life and keep smiling despite all negativity. In this article, I will talk to you about the "WHALE" you heard about when volatility increased in cryptocurrency markets. I will try to explain it as simply as possible. Let's learn together…
Whale is referred to as the person or group that can manipulate the market using large crypto assets. Whales are big players in the cryptocurrency ecosystem. He watches for waves created by whales for small investors to earn money. Bitcoin creator Satoshi Nakamoto is considered the largest whale in the cryptocurrency space, owning one million Bitcoins.
It is very important for an investor whale to know when it is trading. A wrong decision can result in serious loss. Therefore, it is important to observe the market trend carefully. Recently, many programs have been developed to detect these big players. Of course, none of this is certain.
We can spot whales by looking at some clues.
If there are larger purchases than the average purchase amount, this may indicate that a whale wants to enter that cryptocurrency.
The change in price and volatility when the market is stagnant indicates the presence of the whale if a token is moving within a fairly fixed price range and suddenly experiences an increase in volatility and price.
Usually in a crypto market, the buy and sell volumes are divided equally. As the price increases, the proportion of buyers can be 70 percent and the proportion of sellers can be 30 percent. The opposite happens when the price starts to fall. However, if there is a whale in the market, the rate of buyers can see an increase of up to 90 percent in a short time.
If there is a bear whale in the market, this can be very risky for small investors, as they can drive prices down considerably by liquidating large amounts of cryptocurrencies.
If a large buy is canceled while watching the cryptocurrency markets, it could be a sign that the cryptocurrency will go down. Large buy orders are canceled after a while. In this case, care should be taken against a large sell order. Also, a large sale in the Order book can change the behavior of other market players and lower the price of the cryptocurrency.
When you see a price increasing in a cryptocurrency in a short time, it may indicate whales and drop suddenly as it rises like a rocket. The price fluctuation may not have occurred due to the news or other reasons, but may be due to the presence of whales. All assets are sold when the price increase reaches the level whales want.
An abnormal growth in volume indicates that a whale is inside. A threefold increase in volume could indicate a whale or a group of whales. If you observe that the volume has increased on the one hand and the amount of sales has increased on the other, this indicates that the momentum is changing.
Whales are always to blame when the market crashes suddenly and unexpectedly. Many crypto enthusiasts wonder what it needs to be a whale. According to the crypto expert, a minimum of 10000 Bitcoins are required to qualify as a whale.
In finishing…
Whales are big players in the cryptocurrency market. They will exist in the past, present and future. Therefore, it is necessary to observe them well. Thanks to them, we benefit from earnings. Or we will have losses. We, small investors, should know how to get the best of our share among the big ones. Abundant earnings ...
As I always said, listen to everyone, decide for yourself ...
I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch… Take care of yourself so that you and the people around you are happy…
