What is a Cryptocurrency Whale?
A cryptocurrency whale is a term used to refer to individuals, or entities, that hold large amounts of digital currencies. Both feared and marvelled upon in equal measure, much like the marine mammals with whom they share a namesake, Crypto whales move around the Cryptocurrency space causing waves at every turn.
Many Bitcoin whales are anonymous traders, exchanges, and hedge funds, identifiable only by their public addresses on the Blockchain. Well-known whales include Satoshi Nakamoto, Bitcoin‘s mysterious creator(s) who is thought to have at least one million Bitcoin. The Winklevoss twins, Tyler and Cameron, were at one given time estimated to own 1 percent of all Bitcoins in existence.
What is a Bear Whale?
A Bear Whale is any individual or institution that has a negative outlook on a given cryptocurrency, stock, or market in general. They believe the price of a crypto/stock will drop and tend to sell, which makes the price drop even lower. The reason these people are referred to as bears is due to the nature of how bears attack, usually in a downward swiping motion.
What is a Bull Whale?
A Bull Whale is any individual or institution that has a positive outlook on any given cryptocurrency, stock, or market in general. They believe the price of a crypto/stock will rise and tend to buy in, which helps to drive the price up even more. The reason these people are referred to as bulls is due to the nature of how bulls attack, usually in an upward swiping motion.