I would like to introduce the Whale Flow Composite Index (WFCI), a new modified whale movement index I developed. It evaluates whale trading activity by measuring the volume of BTC they accumulate or distribute. Based on these metrics, the market can be categorized into four distinct phases: Stealth Accumulation, Whale Distribution, Bull Expansion, and Neutral Reshuffling.

The attached chart illustrates these characteristics. The index is bounded between -1 and 1. A drop below -0.5 signals Whale Distribution, whereas a rise above 0.5 indicates active Accumulation.

Currently, the index shows that whales are continuing to accumulate. To ride this wave, we should align our strategy with their movements.

Written by joohyun ryu