On-chain data shows the Bitcoin whale ratio has surged up recently, as leverage in the market has remained around an all-time high value. Both Bitcoin Whale And Leverage Ratios Are Around ATHs Right Now As pointed out by an analyst in a CryptoQuant post, BTC investors are involved in some high-risk trading in the futures market currently. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top ten inflows to exchanges, and the total exchange inflows. Since the ten largest transfers to exchanges are assumed to be from the whales, this metric tells us about whether whales are active on the market right now or not. Related Reading: Feed3, Bitcoin, and Chiliz: Top 3 cryptos that can help you make gains even in a bear market When the value of the ratio is high, it means whales are making a big contribution to the exchange inflows at the moment. Now, here is a chart that shows the trend in the Bitcoin whale ratio over the last few years: Looks like the value of the metric has been elevated in recent days | Source: CryptoQuant As you can see in the above graph, the quant from the post has marked the relevant periods of trend for the Bitcoin exchange whale ratio. It seems like usually whenever the indicator has hit a high and then subsequently started declining, the price has also taken a large hit. Related Reading: Bitcoin Struggles To Retain The $20,000 Mark While ENS Protocol G...
$30 Million Worth XRP Traded in 30 Minutes
