All terms
A holder large enough that their trades move the market.
A whale is anyone holding enough of an asset that buying or selling their position visibly affects price. In a small token that might be 50000 dollars. In Bitcoin it is a great deal more.
Because blockchains are public, whale wallets can be tracked. Several services alert on large transfers, though interpreting them is harder than it sounds.
A transfer from a whale wallet to an exchange is often read as preparing to sell, but it can equally be collateral movement or custody rotation.
That following whale wallets is an edge. You see the trade after it happened, you do not see the rest of the portfolio it hedges, and large holders sell into the attention their buying attracted. Copying a position you cannot see the reason for is guessing with extra steps.
Common questions
How do I track whale wallets?
Should I copy what whales do?
Where to go next
More trading terms
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