Is a single whale’s position worth paying attention to?
0x0c3e…d3ab opened a $1.28 million long position, $SOL (Hyperliquid, 105.5609).
When looking at whale data, pay attention to three things: whether it’s a new position or a closing position, the size of the trade relative to market volume, and whether there are subsequent trades in the same direction. A single trade is just a clue, not a conclusion.
#SOL
0x0c3e…d3ab opened a $1.28 million long position, $SOL (Hyperliquid, 105.5609).
When looking at whale data, pay attention to three things: whether it’s a new position or a closing position, the size of the trade relative to market volume, and whether there are subsequent trades in the same direction. A single trade is just a clue, not a conclusion.
#SOL