When the percentage of whales depositing their funds into exchanges increases, this may be a sign of an intention to sell in large quantities. The whale ratio indicator on the exchanges shows a significant decline, reaching less than 0.4. This ratio indicates that transfers to the exchanges may be from small investors, leading to less volatility.
The decrease in the percentage of whales depositing Bitcoin into the exchanges, along with a decrease in the total value of the top 10 transactions flowing to the exchange, may indicate that whales are waiting for higher prices than the current Bitcoin price, or that selling is not a popular idea at this time.
Written by Arab Chain
