Why Whales Matter…

by @AKWAnalytics There is little doubt that the biggest topic of conversation amongst altcoin traders these days is the idea of “whales” (no pun intended).  They have become mythical creatures that wield great power in a reality that those of us that are mere mortal traders could not possibly imagine.  Nothing illustrates this better than the rise of “bearwhale”, a supposed bitcoin early adopter who decided to sell 30,000 BTC over the weekend on the open market (BitStamp), below market price, for a whopping $9 million. The appearance of the 30k wall shaved 10% off of the BTC/USD price in …