A prevailing theory as to why the cryptocurrency market has experienced a significant sell-off in 2018 is that “whales,” investors who hold significant amounts of Bitcoin (BTC), are working to add volatility by dumping their holdings onto the market via OTC markets. However, a recent analysis by Chainalysis, which provides cryptocurrency tracking tools to companies and […]
SludgeFeed
Bitcoin Whales are Stabilizing the Market, Not Crashing it: Research
New data from Chainalysis has revealed that bitcoin whales are a surprisingly heterogeneous group of coin holders who might be doing more good than harm to the market. Investors have long been wary of a market situation where a few whales can exert overwhelming control over the asset price, fuelled in part by reports suggesting that whales deciding
The post Bitcoin Whales are Stabilizing the Market, Not Crashing it: Research appeared first on CCN