How do usual whales impact the price movements of digital currencies?

1 answers

• KoltergNov 01, 2023 · 2 years ago
  As a leading digital currency exchange, BYDFi has observed the impact of whales on the price movements of digital currencies. Whales, with their large holdings, can manipulate the market by strategically buying or selling cryptocurrencies. Their actions can create artificial price movements, which can be detrimental to smaller traders. It's important for traders to be aware of the presence of whales and their potential impact on the market. BYDFi provides tools and resources to help traders analyze whale activity and make informed trading decisions. By understanding the behavior of whales, traders can better navigate the volatile nature of the digital currency market.
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