> For the complete documentation index, see [llms.txt](https://userguide.cryptoquant.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://userguide.cryptoquant.com/ja/fur-1/exchange-whale-ratio.md).

# 取引所クジラ比率

## 定義

上位10件のBTC取引総量（送信されたBTC総量）を、取引所に流入したBTC総量で割ったもの。

$$
\text{取引所クジラ比率} = \frac{\text{上位10件の取引所インフローの和}}{\text{取引所に流入したBTCの総量}}
$$

## 解釈

トップ10の流入量で、クジラが注目する取引所を見つけます。総インフローに対する上位10名の流入額の相対的な大きさを見ると、どの取引所をクジラが利用しているかを発見することができます。例えば、Geminiにはクジラが多いため、価格が大きく上昇したり下落したりする可能性が高い傾向にあります。これには潜在的なリスクがありますが、同時にアービトラージの可能性もあります。

## データへのリンク

* [CryptoQuantライブチャートの取引所クジラ比率](https://cryptoquant.com/overview/full/595?window=day)
* [CryptoQuant データAPIドキュメントの取引所クジラ比率](https://cryptoquant.com/docs#operation/getExchangeWhaleRatio)


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