Most bitcoin prices are tied to an average or a collection of what the top exchanges publish as the current bitcoin price. But who's actually moving their prices? From my understanding, retail users don't have the power to move prices in the short term. 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....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?
You can even move the price of bitcoin as well by setting your desired value while buying or selling but it may get influenced only if your trading volume gets enough to manipulate the total trading volume normally the volume needed will be few millions.Yes, please want to sell bitcoins at any price, as long as he can wait until he is old. High price creeping pattern with long queues as if we were gambling. Suppose we have bought bitcoin for $ 15,000, and want to sell it in a queue for $ 25,000, but we are not sure to hit that price. he was more likely to use instinct than to read market charts.
