How much of the volatility of bitcoin is due to whales influencing the market price versus new or outside investors?
Volatility of bitcoin is due to whales influencing the market price versus new or outside investors
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How much of the volatility of bitcoin is due to whales influencing the market price versus new or outside investors?
While we don’t know how many people are trading bitcoin at any given time, the blockchain, which is the transaction log, is public. The blockchain does show large trades taking place every day, but they’re typically not big enough to generate the huge price swings we’ve seen. Also keep in mind that in the stock market, large institutions typically break up their orders into much smaller orders, to hide their size. Big buyers or sellers of bitcoin could easily do the same.