The legend of the bitcoin whale

There's a narrative gaining traction in the market right now: whenever a certain whale—let's call it Migaloo—surfaces on the radar, bitcoin tends to pump hard. It's become almost a self-fulfilling prophecy at this point. Traders watch for these movements, analysts dissect the transaction patterns, and the community buzzes with speculation.

Whether it's pure correlation or something deeper, the fact remains that large holder activity does shape sentiment. Big money moving into positions often signals conviction, and retail follows. The real question isn't whether the whale causes the pump—it's whether spotting these movements early gives you an edge when the next move happens.