True or not . whales are powerful and 8k btc is too little for them but if someone moves 8k btc , then we can easily expect a major change on the price which can lead to advantage and disadvantage depending on the status of the person .
A whale that moves bitcoin from a private wallet to wallet exchange will not affect the price of bitcoin.
But if the issue says that a whale moves its bitcoin by 8K to the exchange, it will cause fud and make everyone panic sell. And that will make the price fall in.
A whale that moves bitcoin from a private wallet to wallet exchange will not affect the price of bitcoin.
Why not? If they only move a small amount . but whales are known to be powerful and they will only buy or sell in a large portion .
if the issue says that a whale moves its bitcoin by 8K to the exchange, it will cause fud and make everyone panic sell. And that will make the price fall in.
That will also depend on the person . not all person will panic , especiall me because im not an investor and im not also a hodler . in short im only neutral , so whatever happens on the status of the cryptos , i will still be calm.