In the Bitcoin market, large investors, known as whales, play a significant role in price movements. Let's examine how whale activities have changed over the last 144 hours and how these movements have affected the price of Bitcoin.
The graph shows the progression of Bitcoin prices and whale activity (Whale Ratio) over time. At the top, we see the price movements of Bitcoin, while the blue area at the bottom represents the intensity of whale transactions.
Whale activity indicates the engagement of large investors in the market. If the ratio is high, it means that whales are making significant transactions. Recently, the whale activity ratio has been on a continuous upward trend, indicating that large players are increasingly making more transactions.
The declines marked with red arrows on the graph coincide with periods when the whale activity ratio increases. This suggests that large players are selling, which drives the prices down. Recently, the whale activity ratio has been hovering at high levels. This creates constant pressure on the price. In other words, even if whales are not making large sales, their substantial holdings prevent prices from rising.
It is crucial to be cautious when assessing this situation. Monitoring the movements of large investors can be beneficial for predicting price changes. Especially when whale activity is high, it is advisable to be prepared for sudden price drops.
In conclusion, whales have a significant impact on the Bitcoin market. Tracking their movements can help us better understand the market and make more informed investment decisions.
Written by datascope