1. Who Are Whales?
Whales are individuals or institutions holding large amounts of cryptocurrency. This guide classifies Bitcoin wallets holding 1,000 BTC or more (approximately $70M+) as whales.
The guide states that approximately 40% of all Bitcoin is concentrated in the top 2,000 wallets. Whale buying and selling can have a major effect on the market.
2. Whale Tracking Tools
- Whale Alert — Real-time alerts for large transfers. Free Telegram/Twitter updates.
- Glassnode — An on-chain data analysis platform that tracks whale wallets.
- Arkham Intelligence — AI-based blockchain intelligence.
- Nansen — Smart money tracking and wallet labeling.
3. Interpreting Whale Activity
📊 Reading Whale Signals
Large transfer from an exchange to a personal wallet → Intention to hold long term (bullish signal).
Large transfer from a personal wallet to an exchange → Preparing to sell (bearish signal).
Large stablecoin deposit to an exchange → Preparing to buy (bullish signal).
Declining exchange Bitcoin balances → Reduced supply (bullish signal).
4. Key On-Chain Metrics
- Exchange reserves — A downward trend suggests reduced selling pressure.
- MVRV ratio — Market value divided by realized value. The guide describes a value above 3 as overheated.
- Active addresses — An increase indicates greater network activity.
- Hash rate — The extent of miners' investment in network security.
5. AI and On-Chain Data
NOONOO TRADING analyzes price data and technical indicators together. The guide says that if analyzing on-chain data yourself is difficult, AI automatically detects traces of whale activity in price movements.
🃏 AI That Follows Whales
If tracking whales is difficult, AI analyzes market data around the clock.
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