On-chain data shows the Bitcoin whale ratio has surged up recently, as leverage in the market has remained around an all-time high value.
Both Bitcoin Whale And Leverage Ratios Are Around ATHs Right Now
As pointed out by an analyst in a CryptoQuant post, BTC investors are involved in some high-risk trading in the futures market currently.
The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top ten inflows to exchanges, and the total exchange inflows.
Since the ten largest transfers to exchanges are assumed to be from the whales, this metric tells us about whether whales are active on the market right now or not.
When the value of the ratio is high, it means whales are making a big contribution to the exchange inflows at the moment.
Now, here is a chart that shows the trend in the Bitcoin whale ratio over the last few years:
Looks like the value of the metric has been elevated in recent days Source: BTCUSD on TradingView
Featured image from Peg Lemkuil on Unsplash.com, charts from TradingView.com, CryptoQuant.com
On-chain data shows the Bitcoin whale ratio has surged up recently, as leverage in the market has remained around an all-time high value.
As pointed out by an analyst in a CryptoQuant post, BTC investors are involved in some high-risk trading in the futures market currently.
The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top ten inflows to exchanges, and the total exchange inflows.
Since the ten largest transfers to exchanges are assumed to be from the whales, this metric tells us about whether whales are active on the market right now or not.
Related Reading: Feed3, Bitcoin, and Chiliz: Top 3 cryptos that can help you make gains even in a bear market
When the value of the ratio is high, it means whales are making a big contribution to the exchange inflows at the moment.
Now, here is a chart that shows the trend in the Bitcoin whale ratio over the last few years:
Looks like the value of the metric has been elevated in recent days
U.S. ETF demand remains resilient even as Black Monday fears surfaced following bitcoin’s drop below…
Bitcoin’s (BTC) sharp sell‑off has intensified pressure on Strategy, the company formerly known as MicroStrategy,…
The crypto market is entering a phase that seasoned investors recognize immediately. Price action has…
Data shows the Bitcoin Net Taker Volume on Binance has taken one of its most…
The convergence of traditional finance (TradFi) and decentralized infrastructure just hit a new gear. ING,…
Tether isn’t just the issuer of the world’s largest stablecoin anymore; it is systematically rewiring…