How many bitcoin whales are there?
While the Bitcoin system makes it hard to usurp whales due to the nature of this economy, it doesn’t mean that new whales don’t join the club regularly. For example, the total number of whales hit a two-year high just before the March halving. The current number of whales is around 1,850. But the size of their fortunes vary.
What are bitcoin whales and why should you care?
Other whales who are generally the biggest Bitcoin investors, treat the digital currency like a stock market but never trade with their entire balance. The growing number of whales is also a cause for concern. The fact that so many people acquired massive Bitcoin reserves is exposing the market to potential risks.
What is a whale trader in cryptocurrency?
Due to the large size of a whale trader’s position and the fact that the cryptocurrency market remains largely unregulated, whale traders can influence markets to move in their preferred direction when they make large buy or sell orders. It’s therefore essential for traders to observe