💼 Wallet Activity: What It Reveals About Market Trends
Whale movements and wallet activity often provide early trading signals. 📉📈 If large holders transfer assets to exchanges, it may indicate upcoming sell pressure, whereas accumulation in private wallets hints at bullish sentiment. For instance, Ethereum’s recent price surge correlated with decreasing exchange balances, suggesting strong holding sentiment. Analyzing on-chain wallet activities can give traders a competitive edge! 🛠️