What is Whale?
A holder large enough that its transfers can move the market or fill an order book.
Wallets can be ranked by balance, and a top holder selling is a genuine supply event. But one entity often controls many addresses, so whale counts are approximate.
Whale watching is a risk input, not a forecast: the same wallet can deposit to sell or to post collateral.
Related terms
- Exchange flowOn-chain
Net movement of a coin onto or off exchanges, read as a selling or holding signal.
- LiquidityTrading
How easily you can buy or sell without moving the price: depth, spread and turnover together.
- On-chain dataOn-chain
Facts recorded directly by a blockchain: transfers, balances, contract state.