Research: Bitcoin whales make the cryptocurrency market less volatile

Fears that Bitcoin whales could dump enormous amounts of coins crash the market might be absolutely groundless – or so does new research suggest. Researchers from Chainalysis examined the transaction history of the 32 largest Bitcoin wallets and concluded that – contrary to popular belief – big-time cryptocurrency whales play a crucial role in keeping the market stable. More than one type of whale Chainalysis identified four types of whales: Traders, miners and early adopters, wallets with lost private keys, and criminals. Miners and early adopters have been hodling their cryptocurrency of late; their trading activity is extremely low. Chainalysis…

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