Crypto:
30464
Bitcoin:
$62.173
% 1.07
BTC Dominance:
%53.2
% 0.36
Market Cap:
$2.29 T
% 1.43
Fear & Greed:
51 / 100
Bitcoin:
$ 62.173
BTC Dominance:
% 53.2
Market Cap:
$2.29 T

Whale Market Movements Increasing | Onchain Analysis

Tempory 33

Whale Market Movements Increase! The crypto market is significantly influenced by whales, who own large amounts of cryptocurrency and have the power to influence the market. Analysts attempt to predict market movements by tracking the behavior of these whales.

A metric used to measure whale activity is the Exchange Whale Ratio. This metric is calculated by dividing the total exchange entries by the top 10 entries. It shows how much of the total liquidity in the market is controlled by whales.

Generally, it is observed that whale activity decreases during the accumulation phase and at the onset of a rising trend. This implies that whales are focused on maintaining their current positions and are not willing to make new investments. Conversely, an increase in this indicator can signal the beginning of a downward trend.

Quicktake-Image
Source: CryptoQuant

Currently, the Exchange Whale Ratio is significantly increasing. This suggests that whales may be starting to exit the market, which could provoke a decline in the market. There are several reasons why whales can influence market movements.

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Firstly, since whales control the total liquidity in the market, they can move the prices of assets. Secondly, whales have the ability to invest or withdraw a significant amount of money from the market. This can affect the balance of supply and demand in the market and cause price movements.

Tracking the activities of whales is an important tool for those considering investing in the crypto market. This indicator can help predict market movements and assist investors in minimizing their risks.

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