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Board Trading Discussion
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How to read whale alerts?
by
lichig
on 05/04/2021, 19:03:55 UTC
Hello guys,

When I see a Whale Alert on twitter, the replies following a given alert looks like going on the opposite direction of what I am interpreting on that alert.

For example, I see an alert like:

"🚨 500 BTC transferred from unknown wallet to Coinbase"

My interpretation of this, is that this whale is expecting the price to go up, so its moving a part of their BTC into an exchange to start trading leveraging that capital.

But, the comments I read on the style "game over" or "time to move to ETH" suggest the opposite.

How do you guys read the Whale Alert tweets?

Thanks!