Impact of "whales" : How do X USD orders affect BTC price movement?

[TawClaw]

Hello all! I haven't made many posts here (maybe none) but I'm constantly stalking, and have been involved with Bitcoin for a while.

I'm wondering if anyone here knows any metrics about just how much "whales" can affect the price of Bitcoin on a given exchange. That is, how much do excessively large buy/sell orders affect momentum and ultimately price?

Of course a key variable is going to be the magnitude of volume on the given exchange.

So, for example, hypothetically, how much would one expect the price to shift with an order of $1,000,000 - $100,000,000 spread across multiple exchanges?

Blockchain has a graph claiming that right now there is about $5,000,000 in volume on exchanges per day, give or take (the graphs weren't labeled/described terribly well so I may be incorrect). Are there any hard metrics for price momentum as a function of increases in trade volume by x%, beyond the obvious?

Thanks for any info or thoughts!

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[arbitrage001]

You can check the order book on the top 5 exchanges and do estimate how large volume will impact price.

One thing you should consider is, large order usually don't buy or sell in one trade. They normally spread out on all exchanges and over several days.

[dubalol]

Go to bitcoinwisdom.com and choose one of the exchanges at the top to get a graph of the price over time.  Then hover your mouse over the space immediately to the right of the graph and you'll see:

Buy x BTC will cost y USD and price will reach z (+/- some % change)

This gives some interesting numbers to begin with

[michaelwang33]

Whales, just like institutional investors in the stock market, will have a large impact on the price of bitcoin.

[Kprawn]

Go to bitcoinwisdom.com and choose one of the exchanges at the top to get a graph of the price over time.  Then hover your mouse over the space immediately to the right of the graph and you'll see:

Buy x BTC will cost y USD and price will reach z (+/- some % change)

This gives some interesting numbers to begin with

Handy tip - Thanks.

It would need a massive amount of money for a whale to make a significant change in the price of bitcoin.  Not that it's impossible, but it's going to cost you a arm and a leg and then you only influenced one of two of the exchanges. 

[DhaniBoy]

bitcoin just like other currencies when trading the stock market, where many of the traders who trade in bitcoin, bitcoin then the price will go up, otherwise if the bit that trade bitcoin bitcoin then of course the price will go down, at the current price of the dollar is pretty good bitcoin, sehinggan many people with hoarding bitcoin deliberately, in the hope of getting a better price in the future ...