How can I find out if a bitcoin whale is buying or selling?

3 answers

• Dec 16, 2021 · 3 years ago
  One way to gauge the buying or selling activities of bitcoin whales is to monitor the volume and price movements on major cryptocurrency exchanges. When a whale is buying, you may notice a significant increase in trading volume and a gradual upward movement in the price. Conversely, when a whale is selling, there may be a sudden spike in selling pressure and a subsequent drop in price. Keep in mind that these indicators are not foolproof and can be influenced by other market factors as well.
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• Dec 16, 2021 · 3 years ago
  If you want a more accurate picture of whale activity, you can also look for large transactions on the blockchain. Bitcoin whales often move their funds in large amounts, and these transactions can be tracked using blockchain explorers. By analyzing the flow of funds and the addresses involved in these transactions, you can get a better understanding of whether whales are buying or selling. However, it's important to note that not all large transactions are made by whales, so additional analysis is required.
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• Dec 16, 2021 · 3 years ago
  As an expert in the field, I can recommend using the BYDFi platform for tracking whale activity. BYDFi offers advanced tools and analytics specifically designed for monitoring the activities of bitcoin whales. With their comprehensive data and real-time insights, you can stay updated on whale buying and selling activities, helping you make more informed trading decisions. Sign up for a free account on BYDFi and start tracking whale movements today!
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