Assets are in the top 100 in the community? If the answer is "plenty," then there's one measure you should be paying attention to here and now: whale trades.
I'm known as Ishmael.
As per data, whales were in a feeding frenzy as they racked up massive expenses for the top 100 commodities. Several cryptocurrencies experienced over double the average amount of $100k+ whale transactions — if not more. Litecoin [LTC], Axie Infinity [AXS], Chiliz [CHZ], Compound [COMP], True USD [TUSD], and Synthetix [SNX] were among them.
Why should a common person be anxious about such developments when prices may or may not be changing as quickly as preferred? Whale behavior at the highest levels can occasionally indicate market volatility. We can tell if whales are acquiring or profiting based on whether these transactions occur during a rise or a decline.
Because of its turn, Litecoin [LTC] was dealing at $130.09, up 0.87 percent on the previous day and 6.07 % in the prior fortnight. While whales may seek LTC, the surge was much fewer than those of CHZ and SNX whale transactions.
This may not seem significant, but at about press time, Modified Price DAA Divergence exhibited a lengthy, brilliant red bar unexpectedly waving a very powerful sales forecast.
Furthermore, LTC turnover has been increasing since March and has surpassed one billion LTC at the date of publishing. This confirms the increase in investment engagement.
