Someone who has a small crypto investment.
The actions of minnows are unlikely to significantly affect market share — but this can change as a minnow’s holdings increase.
For example, Bitcoin dolphins can be defined as the segment of players who place orders of 1,000 BTC or more on cryptocurrency exchanges.
Bitcoin whales are usually hedge funds or huge institutional giants who place massive orders of amounts bigger than those placed by dolphins.
Notable examples of BTC whales include Tesla and MicroStrategy to name a few.
The cryptocurrency movements of BTC whales can significantly impact the BTC market.
It is worth noting BTC whales set the tone for minnows to speculate on the future direction of cryptocurrency prices.
This can cause a dangerous cycle where the price of cryptocurrencies become disconnected with fundamental drivers of cryptocurrencies.
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