What is whale watching in crypto?

In the context of crypto, “Whale Watching” refers to the practise of monitoring the movements and trades of large cryptocurrency holders known as “whales .” These “ whales ” are individuals or organisations that own massive amounts of a certain cryptocurrency, and their trades can have a big influence on the cryptocurrency’s price.

Do whales own cryptocurrency?

Whales own enough cryptocurrency to influence currency markets. Achieving whale status in the cryptocurrency space is subjective. The community seems to agree that ownership of a large amount of circulating cryptocurrency qualifies as a whale. Learn how these large accounts can influence cryptocurrency investors and the market.

Why do crypto whales make off after a dump?

While initially scaring the market, in the end whales make off after a dump because they simply buy back when the panic selling drops prices lower. Traditionally, because of the concentration of large holder levels and illiquid markets, crypto whales grow much larger after bear market cycles.

Are whales worth observing if you're going to Whale Watch?

Many whales are business owners who have invested heavily in cryptocurrency. These might be the ones who are worth observing if you're going to whale watch. Keep an eye on the known whale addresses to track whale transactions and their values. They're publicly announced on the Whale Alert website and on its Twitter account.