market buy sparks appearing on a specific exchange are clear traces of a whale.
This whale intervened strongly before the Ethereum ETF approval.
whale's strong intervention at certain levels can become a powerful support level.
Although there are no spark traces, signs of whale intervention are appearing in the Bitcoin market.
During the stagnant price range, taker buy/sell ratio on Binance is trending upward (Photo 3).
In the Ethereum market, taker buy /sell ratio increased just before an upward move during a sideways trading range, and this pattern is also appearing in the current range (Photo 2).
Written by Mignolet