Question #325 ·
What impact do large whale movements, like transfers of over 63,000 BTC, have on Bitcoin market dynamics?
- Large transfers of BTC always guarantee long term bullish market performance afterward
- Whale movements of BTC routinely strengthen market stability and reduce price swings
- Large whale transfers trigger selling pressure and heighten market volatility among traders Right answer
Why is this the correct answer?
This is correct because big movements of BTC by whales can flood the market, prompting price drops and causing traders to react quickly, increasing volatility.