Why are whales holding on to bitcoin?

Whales are known to be notorious holders. Many have been holding onto their Bitcoin for over a decade. This is either because the coins were lost or the whales refuse to sell. Either way, this stubborn nature of whales is changing. This could be because of the price, as nothing else has changed for Bitcoin in 2022. Whales Jumping Ship?

How do whales manipulate cryptocurrency?

There are largely two ways in which whales manipulate cryptocurrency: Sometimes, a whale puts up a massive order to sell a huge chunk of their crypto tokens. They keep the price lower than other sell orders. That causes volatility, resulting in the general reduction of prices of the cryptocurrency coins.

Why are whales selling BTC?

Whales aren’t hanging around hoping for the price to increase. Instead, they’re moving held BTC to different wallets. Some of these could be selling wallets, potentially on exchanges. Historically, a lesser concentration of BTC on whales wallets, or large holder wallets, is not a positive sign for the market.