On-Chain Analysis of Bitcoin: What Do Whales Indicate?
In the ever-evolving world of cryptocurrency, Bitcoin remains the undisputed king. But beneath the surface of price charts and market hype lies a treasure trove of data waiting to be unlocked—on-chain analysis. This powerful tool allows us to peer directly into the blockchain, revealing the behaviors and intentions of major players, particularly the so-called “whales.” These large holders of Bitcoin can sway markets with a single transaction, and understanding what their actions indicate can be the difference between riding a bull run or getting caught in a downturn.