What impact do large whale transactions have on Bitcoin price movements?
Why is this the correct answer?
Large whale transactions shift significant amounts of Bitcoin in or out of exchanges. Big buys reduce market supply and can push prices up. Large sells increase supply and often drive prices down. These large orders can also trigger automated trading algorithms, amplifying price swings.
Related Terms
AI-Generated Content Disclaimer
Important Notice: This content has been generated with the assistance of artificial intelligence. While we strive for accuracy, there may be errors or inaccuracies in the information provided. Please exercise caution and verify any information before making decisions based on it. This information does not constitute investment advice, financial advice, trading advice, or any other sort of advice. You should not treat any of the content as such. CryptoMeteo does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own due diligence and consult with a financial advisor before making any investment decisions.