More Examples
“I’m watching what the Bitcoin Whales are doing.”
“Bitcoiners slayed the BearWhale.”
“Many people pretend to be whales on Bitcoin Twitter but they’re just guppies.”
Definition(s) from the Web
- Bitcoin Whales are considered market players with significant funds that are able to move the cryptocurrency market. The large players being referred to are institutions such as Hedge Funds and Bitcoin Investment Funds. Some of these funds have announced their presence in the water. The term “whale” is frequently used to describe the big money Bitcoin players that show their hand in the Bitcoin market. The ocean as a metaphor for the market is apt, since one can then extend it to include the big fish and the small fish; sharks; rallies as feeding frenzies; waves as market moves; and so forth. It may be, however, that the term “whale” has been applied to the wrong class of investor because the players described below are truly the biggest creatures in the ocean. The emergence of cryptocurrencies and the trading of this new asset class has created a bunch of slang words, that are especially used in social media sites such as Reddit. Besides the very popular expression hodl, the term whales is another slang word used in cryptocurrency trading. When markets are highly volatile big players, referred as whales, are usually considered as the source behind the market volatility. The analogy to the size of the whale, the biggest animal of the ocean, is the explanation for the use of this expression in such events. Hence a whale is a market actor that trades with significantly more money than the average investor, and is therefore able to move the price of cryptocurrencies. Source
