{"id":427083,"date":"2020-06-11T16:00:18","date_gmt":"2020-06-11T16:00:18","guid":{"rendered":"https:\/\/ktsl888.com\/?p=427083"},"modified":"2020-06-11T15:54:53","modified_gmt":"2020-06-11T15:54:53","slug":"whales-market-dump-bitcoin-buy-sell","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/whales-market-dump-bitcoin-buy-sell\/","title":{"rendered":"This is Why Whales Can\u2019t Market Dump Bitcoin Without Risk Of Drowning"},"content":{"rendered":"

Bitcoin whales<\/a> are high wealth investors who own and hold massive sums of BTC. When they buy or sell large amounts of the crypto asset, they make a major splash in price action.<\/p>\n

But have you ever wondered why large crypto buy or sell orders can move the market so significantly? An image circulating the web depicting what happens when $100 million in sell orders hit a crypto platform’s order books.<\/p>\n

Whale Watching Across the Crypto Market<\/h2>\n

Big players, early adopters, and high wealth individuals make up a sea of Bitcoin whales with massive BTC holdings.<\/p>\n

These investors and traders are so important to the overall market, that dozens of alerts have been set up<\/a> to watch whale wallet inflow and outflow, and track when they move BTC to and from one wallet to another.<\/p>\n

Oftentimes, a big transfer of BTC will precede<\/a> an exceptionally large move in the cryptocurrency market.<\/p>\n

Related Reading | Mysterious Bitcoin Whale Who Kickstarted Previous Crashes Appears Again\u00a0<\/a><\/strong><\/em><\/p>\n

Due to how large of an impact these whales can have on the illiquid asset class, these whales regularly buy and sell BTC on the OTC market, or “over-the-counter” trading desks.<\/p>\n

These are typically middlemen who connect one large investor with another.<\/p>\n

The reason whales take such measures to exchange Bitcoin, is to avoid enormous slippage that occurs when exceptionally large orders are placed. Unless they are intending to use their size to their advantage to move the market purposely.<\/p>\n

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slippage as high as 85bp looks like. Never seen anything like this before. pic.twitter.com\/1tieA59kSx<\/a><\/p>\n

— light (@lightcrypto) June 11, 2020<\/a><\/p><\/blockquote>\n