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!
My advice is not to be easily swayed by anything or the whale's signals if we can't find evidence ourselves or keep up with developments regularly. maybe the news that you mean the transfer of 500 BTC will affect the market? but it cannot be ascertained if the whales are not really selling or if the whales are simply moving to another wallet for other purposes.