The whale ratio on exchanges for $BTC has reached its highest level in the past six years.
Historically, whales tend to accumulate at lower prices and distribute at higher levels. In contrast, retail investors often do the opposite: buying near the top and selling near the bottom.
When the whale ratio on exchanges begins to rise, it often signals the formation of a short-term market bottom. Once this ratio reaches elevated levels, it has frequently preceded the start of a new upward trend.
At present, the whale ratio for $BTC on exchanges is at its highest point in six years.
Meanwhile, retail participation has dropped to its lowest level in six years, while whales continue to accumulate aggressively.
Current on-chain indicators are beginning to signal the early stages of a potential bullish trend, and the whale ratio suggests that the current price zone could represent a market bottom.
$JCT tokens have been observed moving from the team wallet to multiple fresh wallets.
In total, approximately $1.7M worth of $JCT has already been distributed across newly created wallets. This pattern often indicates preparation for exchange deposits and potential sell pressure.
At the moment, the team wallet still holds around 157M $JCT, which suggests there is a high probability that further distribution may continue.
Team wallet: 0xE0b5Ed3197078b04B0C0001fBdF865c985bf7975