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Shrimps are investors holding a minimal amount of Bitcoin, often new to the cryptocurrency world. They represent the vast majority, embodying the grassroots level of Bitcoin's investor base. Their investments might be modest, but collectively, shrimps add significant liquidity and vitality to the market.
“What you observe in nature is much like what you observe in markets,” he argued in the post. Glassnode shows that both Bitcoin “whales” (entities holding 1,000 BTC or more) and “sharks” (entities holding between 100 BTC and 1,000 BTC) are fighting to accumulate coins.
Crypto whales are individuals or entities that hold large amounts of cryptocurrency. They may have an influence on the price and liquidity of a cryptocurrency. The activities of these entities are observed by the crypto community due to their potential to affect the market.
Whales frequently conduct their trades on cryptocurrency exchanges. Monitoring order book movements and large trades on these platforms can help identify whale activity in real-time. Cryptocurrency exchanges like Binance and Coinbase provide access to live order book data and trading volume metrics.
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