The crypto money
market, like all financial markets, has various players in its ecosystem. The cryptocurrency ecosystem has its own definitions in which these players are classified. The players of the crypto money market, which is likened to an ocean, also take their names from sea creatures. The biggest player in the market is whales, as in the oceans. Just like the huge ocean waves created by whales, the high amount of crypto money they keep in their wallets makes the price fluctuation activities in the market quite high.
Whales are players who are tried to be followed by many people in the crypto money community, it is not clear who they are and what their agenda is, but their influence is felt in the crypto money market. Thanks to the size of the assets they hold, they can create fluctuations in many cryptocurrencies, as well as price rises and falls in the market called “pumps and dumps”. Whales, whose assets are known to be at least 1000 BTC, are the leading players in the market. Since a fluctuation in the market cannot change the direction of the whales, the whales aim to increase their profitability by directing these waves. Although it is not known what their strategy is, the movements of whales can be detected by various methods. When checking order books to track a whale’s movements, one can look at positions of enormous size. In addition, various bots that determine whale movements can be followed on social media. But following a whale’s movement doesn’t mean learning its strategy. Therefore, just trying to catch whale movements and processing in that direction can do you more harm than good.
While whales are the most important players in the crypto ecosystem, there are many more players in this ecosystem. As we mentioned above, other players in the crypto market, which is paired with the ocean depiction, have also taken their names based on this description. After whales, one of the largest ocean creatures is the shark. Sharks, which hold between 500 and 1000 BTC of crypto assets in their wallets, are the most aggressive players in the market. Sharks, which have an aggressive strategy like the one in the ocean ecosystem, are profit-making crazes, so to speak. However, there are also smaller players in the crypto ecosystem. After sharks, players with a wallet size of 100-500 BTC are called dolphins. After the dolphins, the fish come, and the wallets of the fish are in the range of 50-100 BTC. The fish are followed by various sea creatures such as octopus, crab and shrimp, respectively. The wallet value of octopuses is considered to be in the range of 10-50 BTC, crabs to 1-10 BTC, and shrimps to be less than 1 BTC.
Each of the creatures in the ocean also occupies an important place in the crypto ecosystem. The ranking in this ecosystem is as follows according to the BTC value they have in their wallets:
- Humpback Whale: 5000 BTC and more
- Whale: 1000-5000 BTC
- Shark: 500-1000 BTC
- Dolphin: 100-500 BTC
- Fish: 50-100 BTC
- Octopus (Octopus): 10-50 BTC
- Crab: 1-10 BTC
- Shrimp (Shrimp): Less than 1 BTC
