#WhaleWatch

​WhaleWatch: On-Chain Analysis of Flows

​The current rally is being validated by whale movements (wallets with high net worth).

​We observe an increase in the transfers of Stablecoins to exchanges, indicating potential dry powder ready to enter the market.

​Simultaneously, the futures funding rate remains neutral or slightly negative.

​This divergence suggests that leverage is not excessive, despite the whale activity.

​The flow of BTC/ETH out of exchanges (net outflows) persists, confirming a strong conviction of long-term holding.

​Technical analysis: Key supports maintain their integrity, minimizing the risk of mass liquidation.

​Monitor these on-chain flows to anticipate the next directional movement.