Bitcoin Whale Ratio Surges Up As Leverage Remains High

On-chain data shows the Bitcoin whale ratio has surged up recently, as leverage in the market has remained around an all-time high value.

Both Bitcoin Whale And Leverage Ratios Are Around ATHs Right Now

As pointed out by an analyst in a CryptoQuant post, BTC investors are involved in some high-risk trading in the futures market currently.

The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top ten inflows to exchanges, and the total exchange inflows.

Since the ten largest transfers to exchanges are assumed to be from the whales, this metric tells us about whether whales are active on the market right now or not.

When the value of the ratio is high, it means whales are making a big contribu