In general, the market price increase in peaks is driven by retail money, however, the market price falls to the bottom is the right time to get in. Crypto whales are an important role who influencing the market trends, although the price change is driven by all the retail investors. To track crypto whales allows us to know their trading patterns and get the signal of the market stage. Assuming the whales reduce their holding when the price goes up, we can infer the top of the market is near, especially while the retail investors are still increasing their holdings at the same time.

How to Track Crypto Whales?

Because of the transparent nature of blockchain, we are able to track crypto whales. In theory, we can check the wallet address.

How to track bitcoin whales

Crypto whales can manipulate the supply of crypto to influence the liquidity and make the market suffer volatility. The purpose of the whales is to increase the value of their digital assets, to make it happen, they could sell a large number of tokens to provoke a wider market sell-off, then they will buy back tokens at lower prices. Also, they can release a large sum of assets to acquire crypto assets to make the crypto assets’ price soar and attract retail investors to invest, which will raise the value of their holdings.
Because the crypto whales have a large impact on the market price, so the investors want to keep track of their activity and to benefit if the whales’ movement happens.

  • Get to Know the Market Stage

Bear market or bull market may start alternately since the markets are cyclical.

How to track crypto whales

Coincarp Exchange Wallet Balance

Take Bitcoin, for example, we can check the Top 100 Richest Bitcoin (BTC) Addresses on Coincarp, it shows the 100 richest addresses that hold Bitcoin quantity and 7 days change, we can get the changes of crypto whales’ addresses.

Also, we can check the exchanges’ wallet balance (On Chain) on Coincarp, take Binance, for example, “Exchanges–Binance–Wallet Balance”, the page shows us the “Binance Wallet Balance (On Chain)”, if we click “Bitcoin”, the web will show us the Bitcoin changes in the Binance exchange:

  1. Blockchain explorers

You can use Blockchain explorers to find the individual wallet addresses that have relatively fewer transactions but hold a large number of crypto assets, then you can see the exact amount of tokens that they have on the mainnet and the tokens they move recently.

How to follow bitcoin whales

Although blockchain technology and crypto assets provide another great opportunity for individuals to enter the financial world, some people or organizations have more power and influence than others. We called these people, the Crypto Whales. We will try to explain crypto whale trading activities and how to track whale trades in this article, which may help you optimize your trading strategy.

Who Are Crypto Whales?

A crypto whale means a person or organization that possesses a large number of particular cryptocurrencies. A whale that owns enough cryptocurrencies is able to manipulate the coin or token value.
Generally, there is no certain threshold of a person or organization holding tokens or coins to be considered a whale. If you are holding 1000 BTC, people may consider you are a whale.

How to follow crypto whales

However, for altcoin, the number will be higher, it is basically related to the market value.

Who Are the Bitcoin Whales?

As mentioned above, Bitcoin whales are people or entities that hold enough Bitcoin to influence or even manipulate the Bitcoin price. According to the Bitcoin rich list on Coincarp. Top 100 Holders hold 13.68% of all Bitcoin(about $119bn), especially the top 10 holders, they are controlling 5.35% of Bitcoin. If a Bitcoin whale transfers their Bitcoin, it may cause the Bitcoin price to rise or fall unexpectedly, the consequence is that the Bitcoin price will detach from the underlying fundamentals.

Why Track Crypto Whale Transactions?

  • Market Move Prediction

Market liquidity is always related to the market price change.

How to find crypto whales

Moreover, keeping track of market changes via order books and trades on crypto exchanges indicates incoming whale trades, which can be leveraged to profit during volatility.

The crypto community also uses free services that inform investors about successful whale trades, often including information about the sender’s and receiver’s wallets and the amount. One of the most popular services for automatically tracking whale trades is @whale_alert on Twitter, which issues alerts related to large transactions as shown above.

In a recent market update, Cointelegraph revealed that on-chain data suggested that the largest Bitcoin hodlers were reluctant to act at current prices. BlockTrends analyst Caue Oliveira supported the above finding by highlighting a “hibernation” continuing among whale wallet.

How to check crypto whales

As a result, tracking Bitcoin whales in real-time allows small-time traders to make profitable trades amid a fluctuating market.

Despite Bitcoin’s global and decentralized nature, tracking down and monitoring whales simply boils down to accessing readily available trading data from crypto exchanges and services. There are four primary ways to track whale activities, which include monitoring known whale addresses, order books, sudden changes in market capitalization and trades on crypto exchanges.

Monitoring known whales provide a headstart to smaller investors as the likeliness of coming across a whale trade increases significantly.

How to monitor crypto whales

There are four primary ways to track whale activities, which include monitoring known whale addresses, order books, sudden changes in market capitalization and trades on crypto exchanges.

Monitoring known whales provide a headstart to smaller investors as the likeliness of coming across a whale trade increases significantly. Moreover, keeping track of market changes via order books and trades on crypto exchanges indicates incoming whale trades, which can be leveraged to profit during volatility.

3,463 #BTC (73,208,868 USD) transferred from #Coinbase to unknown wallethttps://t.co/fD08jpYD4P

— Whale Alert (@whale_alert) July 16, 2022

The crypto community also uses free services that inform investors about successful whale trades, often including information about the sender’s and receiver’s wallets and the amount.

How to monitor bitcoin whales

Take Bitcoin, if a wallet address contains more than 1000 BTC, crypto enthusiasts will try to track the wallet’s incoming or outgoing transactions. There are several types of crypto whales’ wallet transactions:

  • Exchange-to-wallet

For security reasons, crypto whales prefer to use cold wallets to store their crypto assets if they don’t want to sell them in short term. So if they withdrew certain crypto assets from exchange to their own wallets indicates that the supply of these certain crypto assets is reduced.
As a result, the price of these crypto-assets will increase. However, if crypto whales withdrew stable coins to their cold wallets indicates the market conditions are bad for investment, the crypto prices will drop.

  • Wallet-to-exchange

Most people use centralized exchanges to trade.

How to track whale crypto

Whales are held responsible for sudden price fluctuations in the crypto and traditional markets every so often. Given their capability to manipulate market prices, it becomes paramount for the general Bitcoin (BTC) investors to understand the nuances that make one a whale and their overall impact on trading.

Wallet addresses that contain large amounts of BTC are identified as Bitcoin whales. Dumping or transferring large amounts of BTC from one wallet to another negatively impacts the prices, resulting in losses for the smaller traders.
As a result, tracking Bitcoin whales in real-time allows small-time traders to make profitable trades amid a fluctuating market.

Despite Bitcoin’s global and decentralized nature, tracking down and monitoring whales simply boils down to accessing readily available trading data from crypto exchanges and services.

How to find crypto whale wallets

What is Bitcoin whale watching and how to track Bitcoin whales? #NFTNews #TheNFTUnicorn #NFTs #NFT #NFTdrop #NFTCommunity.

Whales are held responsible for sudden price fluctuations in the crypto and traditional markets every so often. Given their capability to manipulate market prices, it becomes paramount for the general Bitcoin (BTC) investors to understand the nuances that make one a whale and their overall impact on trading.

Wallet addresses that contain large amounts of BTC are identified as Bitcoin whales. Dumping or transferring large amounts of BTC from one wallet to another negatively impacts the prices, resulting in losses for the smaller traders.

If a crypto whale transfers crypto assets to a known exchange wallet means the crypto whale has deposited crypto assets into their exchange account and plans to trade them soon. If there is a large sum of crypto assets such as BTC or ETH deposit to the exchanges’ wallets means the whales are considering selling them to the market, it will put downward pressure on the market. However, if they deposit stablecoins. it may indicate an investment plan, which will put upward pressure on the market.

  • Wallet-to-wallet

Crypto whales may transfer crypto assets from wallet to wallet, most of the time they are doing over-the-counter crypto trades.
Reasons are for privacy and liquidity.

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