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. Cryptoquant explai...
- 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.
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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