Definition ∞ Large Holder Conviction signifies a strong and enduring belief held by significant asset holders, often termed “whales,” in the long-term value and future appreciation of a specific digital asset. This sentiment is typically evidenced by sustained accumulation, minimal selling activity, and a general reluctance to divest their holdings. It indicates a deep commitment to the asset’s future.
Context ∞ Market observers frequently monitor large holder conviction as a powerful sentiment indicator within cryptocurrency markets. The actions of these influential participants can significantly impact market stability and provide directional signals for other investors. High conviction among large holders often correlates with positive long-term market outlooks.
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