Bear Whales
Tue, Apr 15A whale refers to an individual, a business, a cryptocurrency exchange, or even an institution that holds a substantial amount of a specific cryptocurrency. These entities typically have a significant amount of capital invested in the broader cryptocurrency market as well.
Bear Whales utilize their large capital to intentionally lower cryptocurrency prices, aiming to profit from the resulting price drop.
Whales can continuously place and remove sell walls on a centralized exchange's order book, manipulating other traders into selling their assets prematurely upon noticing the sell wall.
This behavior can lead to a decrease in both demand and price, as other traders rush to exit before the situation worsens.
Whales employ sell walls to deceive other traders into placing their sell orders below the sell wall, which in turn drives the price down.
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