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How to become an analyst in a CryptoQuant post noted, the whales could intensify their dumping activities. This could have a negative impact on the BTC price. The “Exchange-whale ratio” is an indicator that measures the ratio between the sum of the ten most important Bitcoin transactions on exchanges and the total stock market inflows. Since the 10 largest transactions on stock exchanges usually belong to whales, this indicator can provide information about the relative size of whale inflows to the rest of the market.
If the value of this metric is high (i.e. over 85%), it means that whales currently account for a very large part of the total stock market inflows. Particularly high values may indicate that whales are dumping en masse at the moment, which could prove to be detrimental to the Bitcoin price.
On the other hand, the indicator with values less than 85% can mean that whale sales on the market are currently at a healthy level. During the bull market, the indicator usually remains in this range.
Currently, the Bitcoin exchange whale ratio is rising and is now approaching the 90% mark. This suggests that the whales are now beginning to intensify their dumping activities. At the beginning of the month, the ratio exceeded the 90% mark, and the price of the coin fell to below $ 26,000. If the indicator continues to rise and a similar trend is observed this time, it could continue to go down for the cryptocurrency.
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