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Cryptocurrency News

How Bitcoin whales make a splash in markets and move prices

08/08/2022

Less than a minute

2022.08.08 15:50

Deriving their names from the size of the massive mammals swimming around the earth’s oceans, cryptocurrency whales refer to individuals or entities that hold large amounts of cryptocurrency.

In the case of Bitcoin (BTC), someone can be considered a whale if they hold over 1,000 BTC, and there are less than 2,500 of them out there. As Bitcoin addresses are pseudonymous, it is ofte difficult to ascertain who owns any wallet.

Source

08/08/2022

Less than a minute