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👉What are Bitcoin whales?🤔

Bitcoin whales are influential players in the cryptocurrency market due to their large reserves of this digital currency. Although their presence can cause volatility, they can also provide liquidity to the market. It is important for investors to understand the impact these entities can have on the value of Bitcoin and how they can affect the overall investment strategy.

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👉Why do Bitcoin whales influence the market?

"Whales" are individuals or entities that hold large amounts of digital currencies. Its influence on the market is notable because its massive transactions can cause significant movements in the prices of Bitcoin and other cryptocurrencies. These whales have the ability to create trends in the market, either by accumulating and holding assets to reduce supply, or by selling part of their holdings, which can result in increased market volatility. Their strategies and movements are closely watched by investors and analysts as they can offer signals about possible changes in market dynamics.

👉Short and long hunt

When Bitcoin whales anticipate a price decline, they can use short-term strategies to sell large amounts of the cryptocurrency, scaring away smaller investors and driving the market even lower.

Instead, they can use long-term strategies by strategically acquiring Bitcoin over time, which will build positive momentum and incentivize smaller investors to join the market, thus increasing the price.

👉Stop-loss hunting

Stop-loss hunting involves deliberately manipulating the price of Bitcoin to trigger stop-loss orders from other traders, allowing whales to buy at discounted prices before a market rebound.