ShayanMarkets
Whales Hedging Their Bitcoins in Derivatives Market(Long-Term Bullish Sign)
In my opinion, whales and big players usually hedge their Bitcoins by transferring to derivatives exchanges and taking short positions when they buy a huge amount of BTC on price bottoms. This pattern is obvious during the last bull run (2017) when the All Exchanges To Derivative Exchanges indicator peaked many times and the price experienced a jump after each time. Right now, during the Bullrun, the metric has peaked four times indicating whales are buying and hedging their coins continuously.