Bearwhale

By: WEEX|2024/10/21 05:24:24
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A bearwhale is a large cryptocurrency holder, or "whale," who sells a significant amount of assets at once, driving down the price of the market. The term combines "bear," representing a pessimistic outlook and selling activity, with "whale," denoting a large trader with substantial holdings. Bearwhales can have an outsized influence on market prices, as their large sell orders create downward pressure on the price of the cryptocurrency they are unloading. One famous example of a bearwhale event occurred in 2014 when a trader placed a massive sell order for 30,000 Bitcoin at a price of $300, causing a temporary crash in the Bitcoin market. Traders who recognize the actions of a bearwhale might adjust their strategies, either by capitalizing on lower prices or anticipating further declines.

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