"technically the whales didn't dunp the coin to shit, it dunp'd itself"
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oof
interested in some examples (feel free to DM me too)
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how can you say whales have nothing to do with prices of crypto assets going down? :D that just sounded cringe and reminded me of something CZ could have said ;)
but I appreciate your answer; CZ would have blocked me directly ;)
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hehe ;)
Yeah to be fair sometimes it *is* the whales.
But usually it's not.
Also, when it is "the whales", I'd guess it's not usually a coordinated effort. The biggest "the whales" sell-off is when a bunch get liquidated :P
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yes, in most cases it is of course not a homogeneous unit of whales that coordinate this. I agree with you there.
but at the end, most sell offs are triggered by larger players, not the retail traders with 1k$ stacks, or no
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hm I think that's only sometimes true.
Often I actually think the large players sell *last* -- the last to get liquidated.
The first sell-offs usually start when retail sentiment turns and they go from buying to selling.
There are some exceptions obv.
yeah maybe I have a 'wrong' view on that. will think about it and dig into some data
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FWIW I could be wrong on some of this -- particularly it's sometimes hard to distinguish "a large directional hedge fund" from "a bunch of directional retail traders".
But it's rarely liquidity providers.
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