@plaster

Whales—large holders of cryptocurrency—can heavily influence market price trends due to their ability to make significant buy or sell orders. When a whale moves a large amount of crypto, it can cause a sharp price spike or dip, depending on the direction of the transaction. These movements are closely monitored by traders, as they often signal a potential market shift. If whales are buying, it can indicate growing confidence, potentially leading to a price increase. Conversely, large sell-offs can trigger panic and lead to a market downturn. Keeping an eye on whale activity is crucial for understanding potential market trends.

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