Bianca
Wed Aug 28 2024
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6 answers
832
What happens if a whale sells crypto?
Can you elaborate on the potential consequences when a large cryptocurrency holder, often referred to as a "whale," decides to sell a significant amount of their crypto holdings? What kind of impact might it have on the market, particularly on the price of the cryptocurrency being sold, and how does this relate to liquidity and overall market sentiment? Additionally, how do investors and traders typically react to such news, and what strategies might they adopt to navigate the potential volatility that could arise from such a transaction?
