Whale Accumulation

Whales can manipulate the market. When they accumulate Bitcoins, the price is likely to be bullish.

BTC: Coinbase Premium Index

This is the price difference between Coinbase's BTCUSD pair and Binance's BTCUSDT pair. The higher the premium means that Coinbase whales are accumulating Bitcoin despite the higher price. The 2020 bull-run was driven by institutional investors and high net-worth individuals in the U.S., and they were using Coinbase. When the Bitcoin price broke 20k, 30k, and 40k, the Coinbase premium was more than $50.

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BTC: All Exchanges Inflow Mean (7-day MA)

Whales tend to realize profits when retail investors are active in the market. This indicator is the 7-day moving average on the All Exchanges Inflow Mean. Bitcoin price is likely to go up when whales are active in the market in the long term. When this indicator goes below 1 BTC, it means retail investors are involved, and it's likely to be bearish.

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Exchange In/Outflow and Netflow

BTC: Grayscale holdings / GBTC Premium

Institutions are also holders. They agree on the digital gold narrative and have decided to hold Bitcoin in order to hedge inflation, among other strategies. Many U.S. institutions buy Bitcoin through Grayscale (GBTC) and can contribute to GBTC's premium. Our users often use this indicator as a bullish signal.

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Grayscale Bitcoin Trust (GBTC)Grayscale Ethereum Trust (ETHE)

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