Whale is a high net worth individual whose trades can create waves in the market. He is a savvy investor with a deep understanding of the market and is not easily bothered by short-term volatility. He accumulates during bear market and distributes slowly in bull market, as his market orders would make small investors panic. Buy low, sell high or in other words buy when there is blood in the streets and sell when the crowd is euphoric are his motto.
Whale investor hold most of his stack in BTC as he needs enough liquidity for his trades and less volatility than altcoins provide. BTC cycles provide enough volatility for him to make a fortune and not be caught bagholding illiquid altcoin. He partially bets on the success of one of the vastest projects in space - Cardano in its mission to digitalize the world of payments. He also understands the importance of centralized exchanges and BNB use cases and aims to use it for his profit.
The Whale prefers to build a portfolio of cryptocurrencies backed by venture capitalists, besides BTC. Venture capitalists typically have extensive experience and knowledge in evaluating startups and identifying potentially successful investments. They also often provide significant funding to the projects they invest in. Venture capitalists often have extensive networks in the technology and investment communities, helping a cryptocurrency gain exposure. Being aware of these facts, the whale aims to make gains along VCs.
This whale is the early adopter of cryptocurrencies, holding huge amounts of coins in portfolio with low entry prices. He is not very active in looking for new opportunities and still sees the potential of coins in his portfolio. All of them are well adopted, being used for the purpose they were established with the ongoing development. Every market cycle has all of them being brought to new all time highs and the whale does not see any reason for “tHiS tIMe DiFFeReNt”