Post
Topic
Board Trading Discussion
Re: How to read whale alerts?
by
Charles-Tim
on 05/04/2021, 19:13:23 UTC
"🚨 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?
Whale use wallets to hold, while moving bitcoin from wallet to exchanges is indicating a bear market because they whales are moving bitcoin to exchanges to sell.