This will be new for people who were not here back in the days and also can be fun even for those that were.
Long long ago there was a Bitcoin whale.
He had a lot of BTC he was buying stuff with them, selling, trading, giving away to people.
The times were great for the Whale, he was rocking it.
But there came a day when he decided to buy Lambo and stopped believing in Bitcoin. It was in 2014 after we went from 1000 to 300USD.
He wanted to sell 30 000 BTC right away, get out and forget about this tomfoolery.
He went into Bitstamp and put all the 30 000 BTC at single sell order at 300 USD. Thats how the BearWhale was born.
All markets started following the trend of this huge wall, soon Bitcoin was stuck at 300 price mark for a long time.
The knights and guilds were fighting and finally at October 6 they made it. They killed the BearWhale.