What is a bitcoin whale

what is a bitcoin whale

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Follow whale-monitoring social media accounts: because the blockchain is a holdings, a market crash may crypto liquidity.

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Bitcoin whales refer to individuals, governments, exchanges, companies, and institutions that hold a significant number of bitcoins. Many blockchain analytics firms, such as Glassnode, define a Bitcoin (BTC) whale as any wallet with more than 1, BTC. A crypto whale is an individual or entity that holds a large proportion of a specific cryptocurrency's token supply.
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  • what is a bitcoin whale
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The top four accounts � those holding more than , BTC � own 3. Consequently, some whales prefer trading with others directly via OTC trading desks to limit their impact on the price. Who Are the Biggest Crypto Whales?