Bitcoin whales: large crypto investors and market-moving trades

A few investors have a much greater impact on prices than typical investors because of the bulk of Bitcoin they hold. This week’s New Finance briefing is about Bitcoin whales.

A Bitcoin whale is an organization or individual that holds so much Bitcoin that it has an exceptionally large influence on the digital currency and can even manipulate its value. To have an order of magnitude: The 100 largest wallets hold around 15 percent of all Bitcoin, valued at around 124 billion US dollars. Bitcoin whales have huge amounts …

read more at t3n.de