Crypto is an Ocean ruled by Whales, here’s one way to spot them.

(Taken from #Patreon Tier-TS members post from July 12th 2021)

It’s pretty well known that the ‘whales’ in crypto do have some ability to manipulate the market. I think we can define whales as those individuals who are holding at least 8 figures or more of something, so in the tens of millions.

The transactional blockchain movements of these whales can be a sign of upcoming market movements. We have recently noticed an interesting part of one of our favourite sites CoinMarketCap which can help paint a picture of the direction in which these Whales are swimming.

On the homepage (desktop) at the top you will notice there is a ‘Today’s Cryptocurrency Prices by Market Cap’ section and underneath it tells you the global overall market cap. Click read more to the right of that and you will reveal a load of other interesting stats.

One we thought was especially interesting was the ‘volume of all stable coins’ which it shows as a value and a percentage.

Today (12th July 2021) that percentage is 73.52%

To us this seems like a huge number! We will keep track of it and see how it fluctuates. If that number suddenly changes you could assume that something big is about to happen.

We recommend digging in to these statistic sites like CoinMarketCap for more insights. they are truly valuable tools.

Have a great day.

“M”

This blog post is from our Patreon group on 12th July 2021. Inside Patreon this post has a full crypto wallet report attached.

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