🐳 Keith is the dream of every crypto investor. Let's figure out who they are and what they do.
Let's talk about big guys with big wallets. Their influence on the market is enormous, you definitely can’t miss such a post (like everyone else🎩).
Keith, who are you?
This is a market participant with a large number of assets, controlling a large part of the market.
Bitcoin whales are investors who have more than 1,000 BTC in one wallet. Big number, isn't it?
Many people track the movements of whales in order to imitate them and earn money.
🥂 Why whales are useful for the market:
— Market stimulation. Keith buys/sells a coin → other traders do the same. This is how whales create bullish and bearish trends.
— Liquidity. Due to the large number of assets, whales directly affect market liquidity. If they hold the coins → it will fall, they will trade → it will increase.
— Volatility. Market stability greatly depends on whales. When they stop trading, prices are stable. If they start moving → hello, roller coaster.
😰 How to watch them? You’ll soon find out how to track it yourself🐋