#币安人生 #中本聪代币 Overall, the influence of crypto whales in the market is far greater than that of retail investors, with significant differences in their impact on the market regarding strength and dominance. This is reflected as follows:

1. Whales are the leaders of market trends. Whales hold vast amounts of cryptocurrency, with financial power sufficient to directly disrupt the market's supply and demand balance. For instance, in August 2025, a whale sold 22,769 bitcoins in a single day to buy Ethereum, triggering a divergence between the two cryptocurrencies. They often manipulate the market through the processes of accumulation, pumping, and selling, and even create market sentiment in conjunction with news. Their actions of increasing or selling off holdings are often seen as signals for market cycle transitions, providing strong guidance for market direction. However, whales also have the disadvantage of being large ships that cannot turn quickly, unlike retail investors who can liquidate positions rapidly.

2. Retail investors are the supporters of market fluctuations. Although retail investors account for over 90% of market participants, they represent less than 20% of the total capital. An individual retail investor has no impact on the market. Retail investors are easily driven by emotions, often following the trend during whale-driven rallies and panicking during market downturns, thus becoming the 'fuel' for whales to distribute chips and drive the market. Their collective actions may exacerbate price fluctuations, but they always passively follow the trends created by whales, struggling to actively shape market direction. $BNB $XRP $SOL