Fears tend to mount whenever an OG crypto whale starts shifting funds, but this one used it to double down on the blockchain network.
Whale News
A cryptocurrency whale, often known simply as a “whale,” is an individual, institution or exchange in the crypto community that holds substantial quantities of cryptocurrencies. Whales hold enough cryptocurrency to be able to manipulate the price of cryptocurrencies. As a result, the state of the market can be understood by observing how whales act, whether they are selling or accumulating.
A whale occasionally posts a sizable order to sell a considerable amount of its cryptocurrency tokens, also called the “sell wall” effect. They maintain a lower price than other sell orders, leading to volatility, which generally lowers the price of digital coins. Following this, there is a domino effect where others sell their tokens at lower prices out of panic. As a result, whales gain more power, as they can purchase more coins for less money.
In addition, whales frequently artificially raise the price of the tokens by placing large buy orders, which is the opposite of the sell wall effect. They increase interest in cryptocurrency tokens, which motivates buyers to improve their offers. In essence, whales impact other token investors through a ripple effect. They can influence the market in their favor by raising and lowering prices.
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Despite the market downturn and some OG investors selling, the biggest Ether whales continue their steady accumulation, while Ether ETF buyer sentiment continues to improve.
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Bitcoin whale deposits to exchanges surged to 9,000 BTC on Nov. 21, with large holders driving 45% of inflows. If it keeps up, Bitcoin could have more to fall.
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The Hyperliquid whale that made $200 million in the October crash has just added another $10 million to its long position on Ether.
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A lack of conviction among “weak” hands will cause new Bitcoin holders to dump at the first sign of trouble, worsening market drawdowns.
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The weakness in the AI sector contributed to the crypto market downturn, as spot BTC ETF outflows and isolated selling sent Bitcoin price to a six-month low.
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Analysts at Glassnode argue that the recent wave of Bitcoin whale sales is a typical part of a late-stage crypto cycle when older hands take profits.
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Bitcoin whales doubled down on their BTC purchases, but long-term holder selling and resistance above $106,000 curtailed a potential recovery to $110,000.
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A community member called the $3 million wipeout “performance art,” saying that only in crypto do villains torch millions purely for the sake of the plot.
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A bullish breakout lifts Bitcoin toward $110,000, but a stablecoin build-up and looming CME gaps signal caution.
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Despite $1.7 billion in spot Bitcoin and Ether ETF outflows, whale accumulation and altcoin inflows continue to stabilize sentiment across the broader crypto market.
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Many long-term Bitcoiners are selling up, such as early arbitrage trader Owen Gunden, who shifted the last of his 11,000 Bitcoin to an exchange.
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Over $100 billion in old Bitcoin has moved as spot ETFs see record outflows, igniting debate over whether true OGs or traders are driving the market sell-off.
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Whales still move prices, but ETF flows, exchange liquidity, and macro shifts now decide Bitcoin’s daily color.
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Galaxy pointed to changing liquidity patterns and leveraged liquidations as key reasons for cutting its Bitcoin price outlook.
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