As an analyst in a CryptoQuant post pointed out, the metric’s value is now close to the risk area. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top ten Bitcoin transactions to exchanges and the total exchange inflows.
The most significant transfers to exchanges generally come from the whales, so the ratio’s value tells us what part of the total inflows is being contributed by these humongous holders.
Whales make up a large part of the inflows when the indicator’s value is high. Since one of the main reasons investors use exchanges is for selling purposes, this value can suggest the whales are currently doing a massive dump. Naturally, the BTC price could see a bearish effect from such selling.
All Comments