What are some unusual whale activities in the cryptocurrency market?

1 answers

• May 01, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has observed an unusual whale activity where a large investor consistently buys and sells a particular coin in quick succession. This activity, known as scalping, aims to take advantage of small price fluctuations and generate profits from short-term trades. While scalping is a legitimate trading strategy, it can create volatility in the market and potentially disrupt the natural price discovery process. Traders should be aware of the presence of scalpers and consider their impact when making trading decisions.
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