How do crypto whales influence the market?
Could you elaborate on the mechanisms and strategies employed by so-called "crypto whales" to influence the cryptocurrency market? Are their actions based primarily on significant investments, or do they utilize more sophisticated methods? What impact do their actions typically have on market volatility and price trends? Additionally, how do these whales' decisions factor into the broader financial ecosystem, especially when considering their potential for market manipulation? Understanding their role and influence in the crypto sphere is crucial for investors and analysts alike.