What is a sleeping whale?

One of the strange phenomena in the world of Bitcoin is the “Bitcoin Whale Sleeping” phenomenon, which refers to huge Bitcoin wallets that hold large amounts of the digital currency and remain inactive for long periods.

The existence of these huge dormant wallets is a strange phenomenon because it indicates the freezing of trading operations for long periods of time, which can affect market movement and Bitcoin prices. In other words, when a whale is asleep, it is not involved in buying or selling, which can lead to stability or fluctuations in Bitcoin prices based on the lack of a large volume of trading operations.

When the whale wakes up and starts trading again, there can be significant changes in Bitcoin prices and market movements due to the volume of operations it undertakes. This phenomenon raises many questions among investors and analysts about the reasons for the whale to freeze and about their future strategy.

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