This indicator measures the Average Order Size of executed trades.
The average order size is calculated by dividing the total trading volume by the number of trades.
Larger average order sizes suggest increased participation from whale investors.
Depending on the price range where whale orders occur, various trading scenarios can be established.
Exchanges used to calculate this metric(Assets not listed on the exchanges below are excluded from the calculation):
Binance, Binance.US, Kraken, Coinbase, OKX, Bithumb Korea, Coinone, Gopax, Korbit, Upbit, HTX, Bybit, Hyperliquid, MEXC, Crypto.com, Kucoin, Bullish, Bittrex, Coincheck, Okcoin, Bitflyer, Poloniex, Bitget, Bitstamp, Gate.com, BTSE, Bitmex, Bitfinex, Bitflyer, Gemini, FTX
Hyperliquid data has been included in our indicator calculations since April 23, 2025 (UTC).
