Buy and Sell walls are market conditions that are created by large traders or Whales of certain crypto. A buy wall is the consequence of a single large buy order or the combination of numerous large buy orders placed in a market’s order book at the same price. Similarly, a sell wall can be erected as a consequence of a large sell order.
Buying and selling prices are shown in an order book on crypto exchanges, where buyers indicate their buying prices (bids) and sellers indicate their selling prices (asks). Buy walls, in essence, keep market prices from falling by generating a huge number of orders at the same price, requiring enormous quantities of money to be executed and passed over.
Whales of any crypto frequently form buy or sell walls in order to control prices to their advantage. As a result, whale traders erect buy and sell barriers on a regular basis in an attempt to influence the markets.
