A number of crypto whale transactions are progressing on a daily basis. So, it is difficult for crypto investors and traders to calculate the most impactful moves. In order to resolve this issue, the major crypto whale’s activities are tracked by a newly launched dashboard, providing invaluable insights.
This dashboard facilitates crypto users to get insightful market signals, informing them about major price shifts. This tool focuses on centralized exchanges (CEXs) having large deposits, providing key information to short-term traders and long-term investors. Through this, traders and investors can anticipate the major movement in the crypto market.
An Invaluable Insights into the Crypto Whale Deposits
The newly launched dashboard provides significant details about the large whale transactions. It includes information about the token and amount deposit and a comparison of this deposit to the token’s market cap.
Through this dashboard, traders can get the idea of depositing a wallet while labelling and classifying it. In order to investigate further, it also provides the transaction hash, highlighting the receiving and deposit exchange. Through these details, the users can get the details of whether the specific token reaches its sell-off point.
Let us consider an example to understand it. A significant amount of wrapped Bitcoin (WBTC) could give insight into its imminent sale, directly affecting its price. These movements showcase the need for market corrections or tops. These types of shifts take much time, the dashboard gives users a strategy to plan their further steps. It permits users to take action before the significant liquidation of whales and its impact.
Streamlining the Activities of Crypto Whales
At its best, Santiment‘s dashboard is free of cost, the best tool offered to beginners and seasoned traders to examine major transactions. The dashboard highlights the critical moves of crypto whales. In this way, it aims to empower users to maintain their edge in the rapidly evolving crypto market. The traders, with the help of this tool, can get a better understanding of market trends. They can also make wise decisions about the transactions in real-time.
