Whales supposedly are the ones who can make the price suddenly jump or drop...but they trade on OTC desks right? not on retail exchanges....
Whales are not always responsible for suddenly pump and dump of the market but they have the huge chance to manipulate to market price. However, the trading happening in the OTC are unknown to the online exchange or trading activity ies and the whales that influence the price of the market bought their holding through an online exchange site.
You can follow their movement through whales alerts.
so how are these Whale movements being reflected on retail exchanges to determine what the current bitcoin price is? Or are there actually some whales who use the exchanges to trade on?
Yes, there are a lot of whales that use exchange and the reason why their decision influence the market price is because the crypto market price is determined by the level of demand and supply.