Did Crypto Whales kickstart the recent rally?

2 min read

We have recently seen some huge gains in the Crypto assets after a long period of lull. I have already discussed this in my other piece on some of the factors that might have contributed towards this break out after a prolonged consolidation. It’s now time to see how this price action was materialized. Obviously, somebody was moving the money around in Cryptocurrencies. Like in other financial markets, there are bigger players like Big banks & Hedge Fund managers which control the price action in an underlying financial instrument solely because the amount of money they have parked in these…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.