We all know what a whale is. But what does it mean in crypto-speak? It often refers to a investor that has hundreds of thousands or more Bitcoin or other cryptos of similar value. Such large holders can have a significant impact on the market.
What is their Effect
It depends on what they do. If they merely hold, then it may have no effect or may even drive the price up as liquidity dries up. If they are in a buying mood, they may move the spot price on the market up. The opposite may be true when they sell in large quantities. However, they would prefer not to disturb the price on buying, so they may make use of OTC (Over the Counter) desks, and thus buy away from the exchanges. They may even purchase directly from the miners, or from other whales.
Whatever the case, they may make it more difficult for smaller fish like dolphins and minnows from swimming smoothly. And should a whale dump… then the turbulence may make the waters very murky!
Whale Inspired Art
A whale is admired for it’s size, confidence, power and intelligent, and the crypto art depicts these qualities. It’s size is obvious as it dominates the seascape, showing-off it’s massively imposing bulk. The same applies to a whale crypto tradr that has the means to move the market at will. The confidence is in the fact that whales have very few natural predators. Thus they dominate their environment. Although many whales are not intentionally aggressive, watch-out when they move! Their power is due to their powerful body structure, that consists of huge muscles used for propulsion. Despite being a gargantuan creature, a whale is often thought off a very intelligent, using its environment to great effect to satisfy it’s needs.
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