What can on-chain data tell us—and what can’t it tell us? Many people can’t answer!
A “whale” generally refers to an address or institution that holds a large amount of a particular token. There’s no fixed threshold for what qualifies as a whale.
A large transfer to an exchange could be intended for selling, but it could also be for use as futures margin, market-maker rebalancing, or simply the exchange reorganizing its own wallets. You can’t draw a conclusion from a single transaction.
Understanding the principles helps you make more clear-headed decisions; it’s not for predicting price movements.
$BTC 81255.04（-0.89%）
#BTC
A “whale” generally refers to an address or institution that holds a large amount of a particular token. There’s no fixed threshold for what qualifies as a whale.
A large transfer to an exchange could be intended for selling, but it could also be for use as futures margin, market-maker rebalancing, or simply the exchange reorganizing its own wallets. You can’t draw a conclusion from a single transaction.
Understanding the principles helps you make more clear-headed decisions; it’s not for predicting price movements.
$BTC 81255.04（-0.89%）
#BTC