$ qubo learn derivatives/05

Following whales without copying them

A whale is an address holding a large amount of an asset. Because blockchains are public, transfers between addresses can be followed in real time.

Context matters. A transfer to an exchange can mean an intention to sell, but also collateral, custody changes or internal moves. A transfer out of an exchange often means withdrawal to self-custody.

Labels help. Known exchange, fund or treasury addresses make flows readable. Unlabelled addresses are harder to interpret, and one entity can control many addresses.

Whale data is one source of context. Copying whales ignores their size, horizon and reasons, which are invisible on-chain.

// rule to remember

// your turn

In the Tracker, find one transfer to an exchange and one from an exchange, and note the labels shown.

Educational content only. Not investment advice. Past data does not predict future results. Risk disclosure