On-chain data shows the Bitcoin whale ratio has surged up recently, as leverage in the market has remained around an all-time high value.
Both Bitcoin Whale And Leverage Ratios Are Around ATHs Right Now
As pointed out by an analyst in a CryptoQuant post, BTC investors are involved in some high-risk trading in the futures market currently.
The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top ten inflows to exchanges, and the total exchange inflows.
Since the ten largest transfers to exchanges are assumed to be from the whales, this metric tells us about whether whales are active on the market right now or not.
When the value of the ratio is high, it means whales are making a big contribution to the exchange inflows at the moment.
Now, here is a chart that shows the trend in the Bitcoin whale ratio over the last few years:
Looks like the value of the metric has been elevated in recent days Source: BTCUSD on TradingView
Featured image from Peg Lemkuil on Unsplash.com, charts from TradingView.com, CryptoQuant.com
On-chain data shows the Bitcoin whale ratio has surged up recently, as leverage in the market has remained around an all-time high value.
As pointed out by an analyst in a CryptoQuant post, BTC investors are involved in some high-risk trading in the futures market currently.
The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top ten inflows to exchanges, and the total exchange inflows.
Since the ten largest transfers to exchanges are assumed to be from the whales, this metric tells us about whether whales are active on the market right now or not.
Related Reading: Feed3, Bitcoin, and Chiliz: Top 3 cryptos that can help you make gains even in a bear market
When the value of the ratio is high, it means whales are making a big contribution to the exchange inflows at the moment.
Now, here is a chart that shows the trend in the Bitcoin whale ratio over the last few years:
Looks like the value of the metric has been elevated in recent days
Former president reportedly bought burgers using bitcoin at the crypto-themed bar.Read MoreCoinDesk: Bitcoin, Ethereum, Crypto…
Louisiana State Treasurer, John Fleming, M.D. has announced that the state government will now accept Bitcoin, Bitcoin…
Fractal Bitcoin is a recently launched project that bills itself as “the only native scaling…
Bitcoin (BTC) could be gearing up for a new All-Time High (ATH) this year if…
Forget the Federal Reserve. The Bitcoin and crypto project news flow is ample (and fascinating)…
Market participants were uncertain about the size of rate cut prior to the Fed meeting,…