The market has recently been fluctuating, rising and falling, with unclear direction.
Many people's first reaction is:
“Should I buy a little first?” or “Should I step back and observe?”
Opening the candlestick chart to look at the fluctuations, browsing social media for sentiment, and joining group chats, fearing that they may misjudge the direction.
But what is really worth asking first is another question:
Who is buying behind the fluctuations? And who is selling?
Even with the same volatility, the underlying capital structure may be completely different.
The volatility brought by the switching retail investor sentiment is entirely different from the volatility driven by large funds continuously positioning or unloading.
Especially when the price is still ranging or fluctuating slightly, if large funds have already begun to take noticeable action, the signals are often more valuable as references.
So after looking at the price, it may be worthwhile to take another look:
What are the whales really doing?
Why is it worth paying attention to large capital movements?
“Whales” and “smart money” sound very professional, but simply put:
Those addresses with large capital and relatively rich trading experience, are they buying or selling now?
The price tells you “how much it has risen or fallen,”
the movements of capital tell you “who is driving this.”
If you see large capital continuously selling during a fluctuation, it at least indicates that this wave is not entirely driven by sentiment and requires more caution.
On the other hand, if the price is still fluctuating, but some large capital has already begun to buy or increase positions, that is also worth noting:
A stagnant price doesn’t mean capital is still waiting and observing.
This is a layer that many people easily overlook when observing the market.
How should beginners view whales?
Looking at on-chain data leads you to a multitude of addresses, transaction records, and position changes.
How much has one address bought? How much has it sold? When did it act? Is it still holding now? Did it make any profit in the past?
Looking at any single piece of data makes it hard to judge.
The truly valuable insight is not “discovering a whale,” but:
Viewing the whale's actions alongside the price.
The on-chain functionalities of AiCoin are designed for this purpose.
It can directly mark the buying and selling points of smart money, as well as the buying, selling, opening, and closing actions of whales on the candlestick chart. You no longer just see: rise → fall → then range. Instead, you can further see:
Who is selling here?
Who is buying here?
Are large funds following during the price fluctuations?
Don’t just look at “whale selling” or “whale buying”
This is where it is easy to fall into a pitfall.
Seeing a whale sell out and immediately panicking to exit? Not necessarily.
Seeing a whale buy in and instantly following? Also not necessarily.
Large funds are not always correct.
What is truly worth watching is the past performance of the address:
What is the historical trading win rate?
What are the profit and loss performances like?
Does it lean more towards bullish or bearish?
Is it engaging in short-term trading or long-term holding?
What is different about this operation compared to the past?
AiCoin can also further examine historical transactions, PnL, position preferences, etc., to help judge whether this address often “does it right” or just occasionally hits the mark.
In this way, “whale actions” transform from merely stimulative signals into questions worth further study:
Why is this person buying or selling at this position?
How many times has he been correct in the past?
What is the difference between this position and his past operations?
If you can't understand on-chain data, there's a simpler method
You don't need to study complex wallet data from the start.
When there are obvious capital movements on-chain, you can directly analyze the capital flows, position changes, and price positions with AI, organizing the originally incomprehensible data into more understandable information.
The tasks become much simpler:
First discover capital actions → then look at where they occurred → finally judge whether you should pay attention.
Instead of seeing a whale’s buying or selling and rushing in or out.
Next time you see market fluctuations, first ask these three questions
Don’t rush to ask “Should I buy the dip?” or “Should I run away?”
First ask:
Is large capital selling? Or quietly buying?
What position is it acting on?
How reliable has this address been in the past?
These three questions are often more valuable than simply focusing on price movements.
Retail investors see the price.
What is truly worth focusing on is whether there is capital driving behind the price.
So next time you see a coin fluctuating repeatedly with unclear direction, it’s worth pausing for a moment.
Don’t rush to panic, and don’t rush to take action.
Take a look first:
What are the whales really doing?
The above content is for market information and tool usage reference only and does not constitute investment advice.
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