Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on July 18, 2022, 07:00:23 PM

Title: What is Bitcoin whale watching and how to track Bitcoin whales?
Post by: newshunter on July 18, 2022, 07:00:23 PM

What is Bitcoin whale watching and how to track Bitcoin whales?

There are four primary ways to track whale activities, which include monitoring known whale addresses, order books, sudden changes in market capitalization and trades on crypto exchanges.

Source: What is Bitcoin whale watching and how to track Bitcoin whales? (https://cointelegraph.com/news/what-is-bitcoin-whale-watching-and-how-to-track-bitcoin-whales)

Would appreciate your opinion about this

Title: Re: What is Bitcoin whale watching and how to track Bitcoin whales?
Post by: Bobcrypto on July 18, 2022, 10:29:21 PM

Currently, a very huge amount of Bitcoin has left certain crypto exchanges within the last 48 hours, and i think that watching or monitoring whale addresses is a sign of a market changes, possibly a positive market outcome if some good numbers of Bitcoin is leaving exchanges. When Bitcoin is leaving certain wallets to exchanges, it is also a sign of negative market situation, and possibly a sell off or dump..