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?
Most of them do trade on OTC desks but for sure not all of them. I am sure that there are still many whales who choose to use their bitcoins to trade in some of the top exchanges. We know how powerful whales can be, they can control a coin in an exchange and make them generate tons of profit and for sure some of them are doing that in some exchanges.