Ethereum (ETH) Whales Are Decreed To The Bottom Of The Market

The crypto market has been in a downward spiral since the beginning of 2019. Ethereum (ETH) is no exception, as its price has dropped to $120, its lowest level since November 2018.

The drop was attributed to a number of factors, including regulatory uncertainty and negative news. However, some believe that whales are responsible for the ETH price drop.

Whales are a term used to describe people who own large amounts of cryptocurrency. They often have a significant influence on how prices move in the market, but they are not necessarily active traders themselves.

They can still influence the price just through holding by selling or buying large amounts of coins at once and thus causing fluctuations in supply and demand. This does not necessarily mean that they control the market, but it does mean that they can manipulate the market if they choose to do so by flooding or draining the market with large orders at times. strategic point.

Therefore, when someone asks why Ethereum (ETH) whales decided to sell their coins at the bottom of the market instead of waiting for better times, it seems an unusual question as there seems to be no what's wrong with doing so. if you have enough money to do