How Bitcoin whales move markets, and the signals to ignore

In this new Cointelegraph in-depth video, we delve into the world of Bitcoin whales, the evolving market structure and how to avoid the pitfalls they set for retail investors.

For more than a decade, Bitcoin’s largest holders have acted as the unseen forces behind many of the market’s biggest surges and deepest crashes.

These so-called whales have always held outsized influence, but their behavior throughout 2025 suggests that a major shift is underway that could fundamentally reshape how Bitcoin (BTC) behaves heading into 2026.

The turning point came on Oct. 10, a day many traders now view as the unofficial end of the most recent crypto bull market. While billions in retail positions were wiped out in minutes, one early Bitcoin whale walked away with roughly $200 million in profit.

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