Increased whale activity in the derivative market

Increased-whale-activity-in-the-derivative-market

Since early July, the Exchange Whale Ratio, which is calculated by dividing the top 10 inflows by the overall inflows of the exchange, has increased significantly. This greater than 30% gain was mostly related to the derivative market.
On-chain analysts recently assumed that selling pressure was coming from Binance whales. The surge in BTC deposits by whales to the Binance exchange was most likely the cause of these changes in this metric.