Questions tagged [price of btc]

Carlo Sun Jul 07 2024 | 5 answers 816

Could a bitcoin whale potentially wield enough influence to trigger a significant drop in the price of Bitcoin (BTC)? It's a question that has long been debated within the cryptocurrency community. Whales, typically defined as investors or entities holding large amounts of a particular cryptocurrency, could theoretically have the financial clout to move markets by selling off a significant portion of their holdings, thereby flooding the market with supply and causing prices to plummet. However, it's also worth noting that the market is becoming increasingly resilient and diverse, with many other factors at play that can influence prices. So, could a bitcoin whale cause the price of BTC to fall? The answer is not entirely clear, but it's certainly a possibility worth considering.