Cryptocurrency

In a recent analysis, experts from cryptocurrency analysis company CryptoQuant shed light on the importance of the 'Whale Ratio' in the cryptocurrency market.
This important metric, which measures the movements of large-scale investors, called “whales” in the market, is calculated by dividing the 10 largest transactions of the market by the total money inflow. A high Whale Ratio indicates an abundance of large transactions, which serves as an indicator of the activities of these important investors.
According to the analysis company, Whale Ratio plays a crucial role in understanding market trends. In bull markets, when prices are rising, this ratio usually remains below 85%. However, in bear markets where prices fall, this rate often exceeds 85%. This trend constitutes an important indicator for investors by providing information on how major investors are reacting to market conditions.
Related News: <a href="https://en.bitcoinsistemi.com/watch-out-critical-week-ahead-new-week-has-numerous-economic-developments-and-altcoin-events-heres-the-list-day-by-day-hour-by-hour/" target="_blank" rel="noopener noreferrer nofollow">Watch Out: Critical Week Ahead - New Week Has Numerous Economic Developments and Altcoin Events - Here's the List Day by Day, Hour by Hour</a>
According to CryptoQuant, the Whale Rate is 93% as of the latest data and platforms like Coinbase are witnessing significant whale activity.
Historically, such movements have had a significant impact on price trends, causing both rallies and declines. Interpretation of whale movements may vary at different support and resistance points of the price. According to analysts, for example, high whale activity can lead to a price increase when the price starts to fall and reaches a certain support point. Conversely, in a different scenario, it could trigger a price decline.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/crypto-market-whale-rate-data-released-are-we-in-a-bull-or-bear-market/" rel="noopener noreferrer nofollow">Crypto Market ‘Whale Rate’ Data Released: Are We in a Bull or Bear Market?</a>

Crypto Market ‘Whale Rate’ Data Released: Are We in a Bull or Bear Market?

Bitcoin Sistemi EN

Other articles published on Jan 28, 2024

Which P2E Coins Offer the Top ROI? Floki vs SpongeV2 vs Galaxy Fox

Drive and Earn Crypto: Hivemapper’s Reward System

All Time High For Dogecoin In 2024?! Upcoming Altcoin May Offer Better ROI

BRICS: China’s subtle strategy to disrupt the global economic order

Why Analysts are predicting DeeStream (DST) will overtake the likes of Uniswap (UNI) and Celestia...

Dogecoin: Bitcoin Maximalist’s Bullish View, DOGE Stayed Sideways

Join our free newsletter for daily crypto updates!