On-Chain
Data that lives on the Bitcoin blockchain itself: transactions, addresses, balances. Anyone can verify it independently with a Bitcoin node. The opposite of "off-chain" (Twitter rumours, exchange order-books, internal databases).
Whale Behavior in Bull vs Bear Markets
Crypto whales · 60 seconds
Whale Behavior in Bull vs Bear Markets: key takeaways
- Whales accumulate quietly in bear markets, buying dips
- In bull runs, whales distribute holdings in smaller chunks
- Large wallet movements often signal trend reversals weeks ahead
- Track whale behavior to spot institutional conviction shifts
Whale Behavior in Bull vs Bear Markets — full explainer
Why do whales move millions while retail traders sleep? Because whale behavior is your crystal ball for market turns. In bear markets, the biggest Bitcoin holders quietly scoop up coins at depressed prices—they're accumulating conviction. When bulls return, those same whales slowly distribute their stacks in smaller transactions, booking profits without crashing the price. Watch for sudden spikes in large wallet transfers: they often precede major price moves by weeks. The pattern is clear—whales don't gamble. They position first, then the market follows.
Originally posted on YouTube: https://youtube.com/shorts/TE8Ega2Jkjw
Glossary terms used in this explainer
Spot
The market for immediate delivery of an asset at the current price. Opposite of "futures" (where you trade a contract for future delivery) or "perpetuals" (perpetual-futures with funding rates). When we say "BTC price" without qualifier we mean spot.