Whale Ratio at almost all-time low, and then what?!

Whale-Ratio-at-almost-all-time-low-and-then-what

“Exchange whale ratio" is the ratio of the top 10 inflows to the total inflows of the exchange, and its high values indicate whales are using the exchanges in large amount.

This ratio is now at an all-time low, and the last time it was lower than the current level was in Feb 2018.

What we need to know is that when this ratio is low, it doesn't matter if it stays low, but when it bounces, BTC price suffers. 

In Feb '18, and again in May '21, when it rebounded from an all-time low ratio, its price peaked and started to decline.

Since Q4 '22, the ratio has been in a downward spiral, so there hasn't been a significant drop so far.
 
But it's worth keeping an eye on because it could rebound at any time, and when it does, the price could follow historical patterns.