Analytical company Chainalysis researched data 32 of the largest bitcoin wallets, which is 1 million BTC (about $6.3 billion), and came to the conclusion that large holders cryptocurrency, so-called “whales”, not only have a negative impact on the volatility of the market digital assets, and conversely serve as its stabilizing factor.
According to Chainalysis, active traders is only a third of the whales. And although they can move a significant amount, mostly they go against the General movement and buy assets at lower prices. And that they stabilize the situation on the drops, because their interests do not go against the market, and the necessary liquidity they prefer to receive them over-the-counter trading, conducting large transactions with minimal market impact.
Chainalysis klassificeret whales in four categories: traders, miners, lost and criminal elements.
Most traders-“whales” came to the market in 2017. On their 9 cryptomodule is more than 332 thousand BTC (more than $2 billion), but is only one-third of the assets of all whales. Miners and early prevenience cryptocurrencies make up the second largest group of whales. These 15 investors also have about 332 thousand BTC and almost show no activity. “Lost whales” in Chainalysis called those who lost their private keys to their cryptocotylar. 5 such cryptocotyle is 212 thousand BTC ($1.3 billion). The share of the “whales” involved in criminal activity, we have 3 crypto with a $125 thousands ($790 million). Two of them are associated with the dark web site Silk Road and one of the laundering of illegal funds.
Recall that in cryptosuite a fear of possible collusion “whales” to influence the exchange rate of bitcoin. Thus, the head of the Department for the study of financial markets AQR Capital Management Aaron brown (Aaron Brown) believes that almost all of them are somehow familiar with each other and agreed well before the start of the cryptocurrency boom. And in August of this year, there were rumors about the kit that sold for the month, more than 50 thousand VTS, knocking the price of the cryptocurrency almost 15%.
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