SF - CEXes & Exchanges to whales flow, Whale to CEXes & exchanges flow, Whale balance & CEX balance , Whale $ 1k. + & $ 1 mln. + transaction count
Analysis of the direction and size of capital flows of large participants.
Indicator appearance.
Description
CEXes to whales - a sentiment analysis indicator that shows the volume of transactions in an asset from centralized exchanges to large holders of the asset.
Exchanges to whales flow - a sentiment analysis indicator that shows the volume of transactions in an asset from exchanges to large holders of the asset.
Whale to CEXes flow - a sentiment analysis indicator that shows the volume of transactions from large holders' wallets to the wallets of centralized exchanges.
Whale to exchanges flow - a sentiment analysis indicator that shows the volume of transactions from large holders' wallets to exchange wallets.
Whale CEX balance - a sentiment analysis indicator that shows the balance of large holders of the asset on centralized exchanges.
Whale balance - a sentiment analysis indicator that shows the balance of large holders of the asset.
Whale $ 1k. + ($ 1 mln. +) transaction count - a sentiment analysis indicator that shows the number and volume of transactions on the token's network that exceed $ 100,000 ($ 1,000,000).
Functionality
In the chart settings window, the user can choose the display colors and the transparency of the indicator and the zero line.
Indicator chart settings.
Access by plan
| Basic | Basic | Trader | Pro |
|---|---|---|---|
| CEXes to whales flow | - | + | + |
| Exchanges to whales flow | - | + | + |
| Whale to CEXes flow | - | + | + |
| Exchanges to CEXes flow | - | + | + |
| Whale balance | - | + | + |
| Whale CEX balance | - | + | + |
| Whale $ 1k. + transaction count | - | + | + |
| Whale $ 1 mln. + transaction count | - | + | + |
Use cases
Large holders of an asset (whales) have a huge influence on price formation. The metrics CEXes & Exchanges to whales flow, Whale to CEXes flow, Whale balance, Whale $ 1k. + & $ 1 mln. + transaction count let you assess the volume of whale transactions relative to the total transaction volume in the asset, and find moments when they withdrew their assets from exchanges or, on the contrary, deposited them to exchanges.
An important remark is needed. By 2023 the crypto market had developed a lot. There are already several derivative instruments that let you hedge the risk of price drops without holding the asset itself on a centralized exchange balance. So depositing assets to an exchange does not guarantee a sale on the spot market.
UNFI
UniFi Protocol DAO (UNFI) is the governance token of the cross-chain DeFi platform UniFi on the Binance Smart Chain and Ethereum networks. The developers position UniFi Protocol as an interoperable DeFi ecosystem launched on several public networks. UniFi provides unique and strong incentives for liquidity providers, traders and farmers through its unique token economics.
Source: block-chain24.com
On 25 August 2023, about 3.12 million UNFI tokens were withdrawn from exchanges in total. According to the large-holder transaction flow models, the rotations happened mostly inside the whales' portfolios, and according to the Whale balance metric, whales were accumulating a long spot position. The transaction was also preceded by increased trading volumes.
Unifi Protocol DAO (UNFI).
According to Coingecko, as of 6 Nov 2023 the size of the transaction was ~50% of the circulating supply.
Project page on Coingecko.
Such actions by large holders can potentially point to a wish to accumulate the asset in the hope of rising prices.
Over the following month the token price rose by ~250%, while the benchmark rose by ~39%.
The Bitcoin price is used as the benchmark.
0x (ZRX)
0x is a decentralized protocol that lets you build exchanges for tokens and digital currencies issued on the Ethereum blockchain. Participants of the 0x ecosystem can build new apps for trading and exchanging crypto with broad functionality, for example over-the-counter trading of ERC20 tokens.
Source: block-chain24.com
In early 2023 the asset saw a spike in transaction activity. Most of this volume moved from centralized exchanges to the wallets of large holders, which shows in the Exchange to whale flow and Whale balance metrics.
At the end of October 2023 the situation repeated: transactions totaled 127 million ZRX. Of this volume, 64 million was inflow to the "whales".
During autumn 2023 the asset grew by more than 250% and outperformed the benchmark 2 times.
0x (ZRX).
Bluzelle (BLZ)
Bluzelle is a blockchain platform of distributed databases for decentralized applications. It lets you manage data in a secure, censorship-resistant and well-scalable way. Bluzelle runs on the Cosmos SDK and its Tendermint BFT technology, which makes it compatible with various blockchains. As developers keep building Dapps, relying on centralized databases from AWS, Microsoft and other companies means having a centralized point of failure. True freedom requires decentralizing the whole stack, not just part of it. This is where Bluzelle aims to play a critical role in the development of DeFi, supply chains, gaming and other Web 3.0 sectors.
Source: block-chain24.com
$ 100,000 and $ 1,000,000 are not small sums. This is especially true for the crypto market, where such balances can often take a substantial share of the total supply and circulating volume. In late summer 2023, the Whale $ 1k. + & $ 1 mln. + transaction count metrics recorded a spike in activity. The main transaction volume went to large holders from trading venues, which shows in the Exchanges to whale flow, CEXes to whale flow and Whale balance metrics. After this on-chain metric anomaly, the BLZ token rose.
Note that the whole market was rising in this period. But while the benchmark BTC rose by 35%, BLZ rose by 500%, which is a good result. This holds even with its higher volatility and risk premium.
Bluzelle (BLZ).
An important fact: on 26 Sep 2023 the Whale balance model recorded a reduction of the whales' position. After the signal the asset corrected by almost 50%. On 13 Oct 2023 large holders restored their exposure in the asset, followed by a rise of 176%.
Summary
On-chain metrics of the transaction activity of supply holders let an agent notice rotations in the portfolios of large participants and adjust their trading strategy: take profit on long positions or cut the loss on short ones.