Increased whale activity along with depositing coins to exchanges

Increased-whale-activity-along-with-depositing-coins-to-exchanges

Analysts have long placed a premium on investigating and analysing the behaviour of whales in the cryptocurrency market. Meanwhile, The Exchange Whale Ratio can offer a broad overview of this set of market participants' behaviour. This metric is calculated by dividing the top 10 inflows by the total exchange inflows.
A closer examination reveals that the accumulation stage and the start of the ascending trend were followed with a drop in whale activity. On the other side, a spike in this indicator frequently suggests the beginning of a downward trend.
This index is currently growing considerably but has not yet reached high levels. If this pattern continues, we should expect a rather significant market downturn.