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Bitcoin whale with ‘no less than $100 million’

Inflating or deflating the price of a cryptocurrency in order to influence the market behavior for personal gain is very easy. The only thing that anyone who wants to venture into such practices would need is patience and a big sum of cash. The anonymous whale affirmed that “no less than $100 million” are needed. But, these funds must be distributed throughout different exchanges. The idea behind it is to create the illusion that demand for a given cryptocurrency is increasing or decreasing. A whale  would place large orders across multiple exchanges with no intention of having them filled. Investors become aware of the increasing amount of orders waiting to get filled. Therefore, they will be encouraged to believe that other market participants are trying to buy or sell at a certain price. These investors will then place their buy or sell orders around the same price range where the whale placed his.