Whale Dominance and Its Influence on Crypto Markets: A Retail Investor’s Perspective
Whale dominance is a major factor in the cryptocurrency markets. If you think about it, it makes sense, right? They are the ones who have the clout. They can shape trends and drive prices up or down. So, what does this mean for retail investors like you and me? Let’s dive into this.
Whale Behavior in Ethereum and Cardano: What It Means
Whales have been making waves in the markets, particularly in Ethereum (ETH) and Cardano (ADA). Recent trends indicate that these large holders have been leaning towards long positions, which is a somewhat bullish sign. For Ethereum, the market took a dip below $2,750 only to bounce back by over 4% in a mere 24 hours. This recovery was largely fueled by heavy accumulation from whales and institutions who…
