Whales start move
* Market Manipulation: While not always the case, some whales may attempt to manipulate the market by buying or selling large amounts of a cryptocurrency to influence its price.
* Profit-Taking: Whales may be taking profits from previous investments, especially if the market has been bullish.
* Rebalancing Portfolios: Whales may be adjusting their portfolios to reflect changing market conditions or new investment opportunities.
* Tax Implications: In some jurisdictions, there may be tax implications for holding certain cryptocurrencies for a specific period. Whales may be moving their assets to optimize their tax strategies.
It's important to note that not all whale activity is necessarily negative. Some whales may be buying and accumulating cryptocurrencies, which could be a bullish signal for the market.