---
title: How Do Large, Sophisticated Cryptocurrency Trades Impact Broader DeFi Market Dynamics?
url: https://www.ml-quant.com/papers/repec/fip-fedpwp-103741/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-16
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:fip:fedpwp:103741
source_url: https://econpapers.repec.org/RePEc:fip:fedpwp:103741
featured: 2026-10-16
citations: unknown
topic: Crypto & DeFi
---


# How Do Large, Sophisticated Cryptocurrency Trades Impact Broader DeFi Market Dynamics?

Large bitcoin trades reshape participant composition and trigger herding, raising volatility, while ethereum whales produce minimal market impact, revealing persistent information asymmetries.

- Source: https://econpapers.repec.org/RePEc:fip:fedpwp:103741
- Identifier: RePEc:fip:fedpwp:103741
- Released: 2026-10-09
- First featured: Quant Letter No. 135 (2026-10-16): https://www.ml-quant.com/issues/2026-10-16/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Crypto & DeFi
- Authors: Keith Hazen

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