Whale-sized deposits (≥100 BTC) + price — Exchange inflow arriving in whale-sized (≥100 BTC) transfers — distribution pressure from large holders
Whale → exchange follows the movement or balance of Bitcoin at labeled market participants: Whale-sized deposits (≥100 BTC) + price. It helps put exchange, whale, miner and custody activity into context.
Spikes mean big players just moved size onto exchanges — potential selling. Quiet periods with rising price are the healthiest kind of rally.
Entity labels are probabilistic and wallets are often reorganized. A flow is evidence of movement, not proof of an investor's intent or a future price move.