In March 2025, a certain whale shorted 360 million USD worth of Bitcoin using 40x leverage, causing a market crash with 50,000 liquidations; another whale, however, made a net profit of 1.86 million USD in a single day by going long on Ethereum with 50x leverage. Whales are both market barometers and lethal harvesters. This article teaches you how to use 'scientific following techniques' to seize opportunities and avoid traps!
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I. Identifying whale movements: 3 core signals
1️⃣ On-chain data tracking
- Tool recommendations: Glassnode (holding analysis), Nansen (wallet tagging), Etherscan (transaction tracing)
- Key indicators:
→ Single transaction amount > 10 million USD
→ Sharp increase in the activity of holding addresses
2️⃣ Significant movements in exchanges
- Case: In January 2025, a certain whale sold 79,000 BTC on Coinbase, causing the price to plummet to 85,000 USD, then bought back at a low price below 95,000 USD
- Countermeasures: Monitor large transfer tracking pages on Gate.io and Binance, set price alerts
3️⃣ Leverage and contract holdings
- Danger signals: Abnormal funding rates for perpetual contracts (e.g., when > 0.1%, whales may counterattack)
- Case: Hyperliquid whale used 50x leverage to long ETH, causing platform market makers to lose 4 million USD
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II. Analyzing whale operational logic: 4 classic scenarios
1️⃣ 'Feigning East to Attack West' wash trading strategy
- Technique: First make small short positions to create panic, then reverse and explode the short positions after retail investors follow suit
- Countermeasures: When detecting whales opening both long and short positions (e.g., holding call options and applying selling pressure simultaneously), maintain a wait-and-see approach
2️⃣ 'Leverage Hunting' liquidation game
- Data: 84% of whale liquidations occur at over 20x leverage
- Following strategy: If a whale opens a long position at ≤10x leverage and the position steadily increases, consider following with a light position
3️⃣ 'Event-Driven' information arbitrage
- Case: Under expectations of Trump’s pro-crypto policy, whales stockpiled BTC in advance
- Tool: Use TradingView to correlate news events timeline, analyze the correlation between whale holdings and policies
4️⃣ 'Multi-Chain Guerrilla' hotspot harvesting
- Model: Whales quickly pump Meme coins through emerging chains like Solana, utilizing cross-chain bridges for arbitrage
- Warning: When the Gas fee of a certain chain suddenly spikes and whale addresses frequently interact, be alert for short-term bubbles
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III. Scientific following strategy: 3 steps to safely get on board
1️⃣ Position mirroring method
- Rule: Following capital ≤ 0.1% of whale's principal
→ Example: If a whale invests 10 million USD, you can follow with a maximum of 10,000 USD
- Tool: DeBank automatically tracks whale holding ratios
2️⃣ Dynamic profit-taking and stop-loss
- Profit-taking: Close positions in 3 stages
- Stop-loss: If whale position decreases by 10%, exit immediately
3️⃣ Reverse verification mechanism
- Steps:
① Detect whale movements → ② Use CoinGecko to check project fundamentals → ③ Validate on-chain data authenticity through Dune Analytics
✨ Ultimate mindset:
Whales are not saviors but top hunters. Instead of blindly following, use their data to infer market logic. Remember: when retail investors learn to follow, it’s the day whales change their tactics!
#HIFI #SEI #BTC #加密市场反弹 #剥头皮策略