Last Updated on: 14th February 2021, 10:17 am
A whale is a term borrowed from casino gamblers. It means a trader with a substantial amount of capital, usually one who is bullish (believes prices will rise) on the price of a specific cryptocurrency. These people are also referred to as bullish whales. Whales are often the market movers for small illiquid altcoins due to their huge capital.
Vincent Nyagaka is a Professional Trader, Analyst & Author. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Check out Vincent’s Professional Trading Course here.