#BinanceHODLerPLUME Big investors (whales) are becoming more active in the exchanges — and this is often interpreted as a sign of preparing for major market movements.

The analyst also noted the historical performance of the whale ratio in Bitcoin exchanges and found that the currency enters a bottom phase whenever the indicator rises to test the 0.50 level.

The analyst said: "Looking at recent years, whenever the whale ratio in the exchanges tested the 0.50 level, it often indicated local bottoms in price, followed by periods of consolidation and then upward movement."

This metric is observed using a seven-day moving average, and is currently sitting at 0.48, approaching the 0.50 mark.

$BTC

BTC

115,495.86

+0.36%

$ETH

ETH

4,301.24

+0.19%

$BNB

BNB

845.3

+1.28%