Tuesday, April 05, 2022 11:17:32 AM
Whale Walls
The Whale Wall technique used to be frequently visible in prior Bitcoin cycles, somewhat less prevalent but still happens on shady exchanges. In the old economy, this technique used to be called order book spoofing. It is a tactic where a market participant will place a large set of orders with no intention of ever having executed, the intent is to create the illusion of large demand or supply in the market. Order book spoofing was used in the commodities market in the past and even reputable old economy institutions have been in trouble for executing these techniques. I have seen this in the crypto markets during the cycles of 2013 and 2017 when whales built up large buy and sell walls on the order books of exchanges, when I saw these back then I was inclined to react e.g., I saw 3000 BTC orders which triggered me to sell and it spoofed my analysis back in 2013 catching me off guard. Older, wiser, and more experienced from those days for sure!
What probably occurred was a whale accumulating BTC secretly while markets were hitting sell orders, the sell wall suddenly vanishes as the whale pulls out his order after consummating the act. This can also happen with whales building buy walls to spoof analysis in the other direction making you think there is supported to hold up selling pressures. The triggering of bullish sentiment makes people assume long positions and then liquidation grenades explode. Whale walls and spoofed order books can create exponential profits for whales, as the same people take positions on futures markets too. They profit from volatility in a derivative market by manipulating price discovery in spot markets. This has become a lot easier to catch and mitigate against nowadays given all the data, exchange features, and alerts now available.
The manipulation technique succeeded in driving Bitcoin down from approximately 32K to just under 30K. The newbies panicked and sold but, many of these bitcoins were picked up by smaller retail buyers and more accumulation on-chain continues.
https://www.linkedin.com/pulse/common-crypto-manipulation-techniques-nitin-kumar-
Recent SOLUSD News
- Bitcoin ETFs Attract $158 Million Inflows; MicroStrategy Expands Holdings by 7,420 BTC Purchase; PancakeSwap Unveils v4 • IH Market News • 09/20/2024 08:10:09 PM
- Is Solana Doomed To Suffer The Same Fate As Terra’s LUNA? Crypto Researcher Shuts Down FUD • ZyCrypto • 09/20/2024 07:49:36 PM
- Dogecoin Open interest Remains Muted Below $500 Million, What’s Going On? • NEWSBTC • 09/20/2024 07:00:45 PM
- Price analysis 9/20: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB • Cointelegraph • 09/20/2024 05:42:14 PM
- Institutional Whales Bet Big On Bitcoin As BTC Nears $64,000 • NEWSBTC • 09/20/2024 05:30:22 PM
- Iggy Azalea unveils new online casino ‘Motherland’ • Cointelegraph • 09/20/2024 05:30:00 PM
- MicroStrategy’s Bitcoin Stash Exceeds 250,000 BTC Following Half-Billion Dollar Acquisition • NEWSBTC • 09/20/2024 05:15:48 PM
- Analyst Predicts A Solana Price Crash To $80 If This Happens • NEWSBTC • 09/20/2024 02:30:44 PM
- Top Ethereum Rival Could Plunge by Over 40% if Support Level Fails, According to Veteran Trader Peter Brandt • The Daily Hodl • 09/20/2024 02:30:31 PM
- XRP Price Surge Could Hit 9,470% — Analyst Predicts $27 Target In Bold Forecast • NEWSBTC • 09/20/2024 01:00:04 PM
- Top Trader Says Solana Rival That’s Up 60% in a Week To Keep Ripping Hard, Updates Outlook on Bitcoin and Saga • The Daily Hodl • 09/20/2024 09:15:28 AM
- Token extensions are “a big good” reason why PayPal taps Solana for stablecoin, says PayPal crypto chief • Crypto Briefing • 09/20/2024 08:52:29 AM
- Solana (SOL) Flies 12% To Reclaim $140, Is $160 Next? • NEWSBTC • 09/20/2024 07:00:07 AM
- Eclipse targets October to launch ‘Solana on Ethereum’ L2 • Cointelegraph • 09/20/2024 06:03:28 AM
- This Solana Memecoin Climbs 36%, On The Verge Of Reaching $1 And Record Highs • NEWSBTC • 09/20/2024 04:00:12 AM
- Crypto Shorts Suffer $147 Million Squeeze As Bitcoin Returns Above $63,000 • NEWSBTC • 09/20/2024 01:30:41 AM
- Xandeum Schedules Solana Scaling Solution Unveiling and Token launch for Breakpoint 2024 • ZyCrypto • 09/19/2024 10:10:23 PM
- Play Solana unveils first-ever crypto gaming handheld • Crypto Briefing • 09/19/2024 09:22:27 PM
- Solana Active Addresses Hit 75 Million As SOL Breaches $140 • NEWSBTC • 09/19/2024 08:30:34 PM
- Bitcoin Surges After Interest Rate Cut; Ethereum Divides Pectra into Two Phases; IBIT Reports Slower Inflows in September • IH Market News • 09/19/2024 08:13:29 PM
- Is This The End For Ethereum Or A Generational Opportunity? • NEWSBTC • 09/19/2024 07:00:14 PM
- Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH – Price Targets Revealed • NEWSBTC • 09/19/2024 04:00:53 PM
- Justin Sun Touts Tron as ‘Solana Killer’; Predicts Rise to Top 3 Coins by 2027 • ZyCrypto • 09/19/2024 01:29:48 PM
- Solana Hits Staggering 140,000 Presales For Second Crypto Phone ‘Seeker’ — Will It Supercharge SOL Price? • ZyCrypto • 09/19/2024 01:00:43 PM
- Solana Investors Maintain Their Focus As They Double Their Mpeppe Bag • NEWSBTC • 09/19/2024 01:00:06 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM