Bitcoin Forum

Cryptoquants data makes it seem like that is the case. BTC
https://twitter.com/cryptoquant_com/status/1212108934200213504

Actually no. because at Bitmex only supports short buy and sell orders, and we can only see the contracts tilting to either side. The volume is displayed in the Coinmarketcap field for coins and you can view it. In addition, the MACD - histogram and volume trees below the analysis charts also show the trend of selling or buying. You can check it by adding MACD indicator.

i follow whale alert, and usually when tether is minted BTC price goes up, so you can long.
and when a big amount of BTC is transfer a an exchange wallet then you short.

But is a gamble, not giving advice.

Relying on some mutations that occurred in one site/platform and analyzing them will produce real results.
I remember that one of the platforms made an error that led to the emergence of such trading volumes and the error was corrected so quickly, so it is likely that this was due to trading bots, a whale purchasing a large amount or a technical error.

Even the time of change with volumes is instantaneous.

There's a lot of tools that can help us determine some scope of analysis. What I see here in Bitmex was good for a quick trades and won't sustain for long period of time. There comes a good alternative on small volume exchanges, buy and sell will immediately increase faster gains.

Absolute right the price can be change immediately relying on Bitmex inflows has no guarranty you will know the volatility.


Sometimes I do this kind of method but like what you said its a gamble to follow whale alert its better to rely on your own analysis.