How do whales work?
1. Whales buy a significant amount of cryptocurrency, causing its price to rise đ rapidly. This attracts other investors (retail traders) with fear of missing out (FOMO), causing them to buy in as well.
2. When the price is high enough, whales start selling their holdings at inflated prices. This sudden selling pressure causes the price to plummet đ, leaving those who come later to suffer losses.
Whales exploit market volatility and trader emotions to create opportunities for big players to profit at the expense of smaller investors.
Recommendation: Always analyze the market yourself and always feel like a whale đđȘđžđ°đ
