On-chain data explained in three sentences:
A “whale” generally refers to an address or institution holding a large amount of a particular token; there’s no fixed threshold for what counts as a whale.
The same metric can mean different things under different market conditions. Looking at several metrics together and cross-checking them against price and trading volume is more reliable than focusing on just one.
When you see breaking news about “whale movements,” first check who owns the address and where the coins ultimately go. Don’t place an order based on the headline alone.
$BTC 65468.01（-2.39%）
#BTC
A “whale” generally refers to an address or institution holding a large amount of a particular token; there’s no fixed threshold for what counts as a whale.
The same metric can mean different things under different market conditions. Looking at several metrics together and cross-checking them against price and trading volume is more reliable than focusing on just one.
When you see breaking news about “whale movements,” first check who owns the address and where the coins ultimately go. Don’t place an order based on the headline alone.
$BTC 65468.01（-2.39%）
#BTC