Understanding Whales, Bulls & Bears
Whales
A whale is any individual or company who has enough money and power to directly influence the price of a cryptocurrency or stock, usually in a negative way. Think of a whale and their large mass. They can make huge splashes and the same concept can be applied to crypto/financial markets.
Bulls
A bull is any individual or institution that has a positive outlook on any given cryptocurrency, stock, or market in general. They believe the price of a crypto/stock will rise and tend to buy in, which helps to drive the price up even more. The reason these people are referred to as bulls is due to the nature of how bulls attack, usually in an upward swiping motion.
Bears
A bear is any individual or institution that has a negative outlook on a given cryptocurrency, stock, or market in general. They believe the price of a crypto/stock will drop and tend to sell, which makes the price drop even lower. The reason these people are referred to as bears is due to the nature of how bears attack, usually in a downward swiping motion.
Conclusion
These terms are used on a daily basis in the trading world. Now that you have gone over their meaning, you can confidently talk about the “bear market”, the “bull run” and “whale manipulation”.
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