- Cryptoquant marks Whale Ratio as the key to unraveling market momentum.
- Whale Ratio arises when the top 10 BTC inflows dominate the total BTC inflows.
- The Whale Ratio often hovers below the 85% mark in a bullish market.
According to Cryptoquant, the leading on-chain data and analytics provider, Whale Ratio is the key to unraveling market momentum. In a Twitter thread, the analytics platform explained how to use the Whale Ratio indicator to understand the cryptocurrency market.
Decoding the #Bitcoin Whale Ratio: The Key to Unraveling Market MomentumQuicktake Post by @KriptoMevsimi
Thread pic.twitter.com/ZU7987UdMt
— CryptoQuant.com (@cryptoquant_com) July 21, 2023
Cryptoquant explained that Whale Ratio comes into play when the top 10 Bitcoin inflow transactions comprise a large chunk of the total BTC inflows on an exchange. To figure this out, Cryptoquant notes that users need to find Whale-Focused Exchanges with Top 10 Inflows and their relative cumulative size to total inflows.
The analytics platform noted that this ratio often hovers below the 85% mark in a bullish market. However, it cautions that in the bear market’s clutches, or when facing a fal…
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