What are the main indicators used to track whale activity in the cryptocurrency market?

1 answers

• ALI RAZA SYEDAug 04, 2022 · 3 years ago
  When it comes to tracking whale activity in the cryptocurrency market, one of the main indicators used is on-chain analysis. This involves analyzing the blockchain to identify large transactions and movements of funds. By tracking the flow of funds, analysts can get insights into whale activity and potentially predict market trends. Another indicator is trading patterns. Whales often have specific trading strategies and patterns that can be identified through technical analysis. By studying these patterns, analysts can gain insights into whale activity and potentially anticipate their next moves. Additionally, market depth can also be an indicator of whale activity. Whales often have the power to significantly impact the order book, and by monitoring the depth and size of buy and sell orders, analysts can identify when whales are active. Overall, a combination of on-chain analysis, trading patterns, and market depth can provide valuable insights into whale activity in the cryptocurrency market.
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