If you haven't yet looked at the amazing and free Whale Watcher Centralized Exchange Deposits Dashboard, you are missing out on some quality data to help you make more informed decisions on crypto markets.

This dashboard helps short-term traders and long-term investors spot upcoming big movements in the crypto market by showing large deposits made to major centralized exchanges. It displays important details like:

• The token being deposited
• The amount of tokens deposited
• How big the deposit is compared to the token’s market cap
• What wallet made the deposit (and labeling/classification of that wallet)
• What exchange the deposit was made to
• The transaction hash, if you'd like to further investigate the deposite

If you are a holder of a specific coin that you may be waiting on for a key signal to take profits, this kind of information is incredibly valuable. For example, if a lot of wrapped Bitcoin (WBTC) is sent to an exchange, it might mean someone is preparing to sell, which could affect prices. These large deposits often act as warning signals for future sell-offs, as whales moving funds to exchanges typically plan to liquidate their holdings. When whales sell, it can trigger price corrections or signal a market "top,". And the good news is that these changes don’t always happen right away, allowing you time to plan your next move before the whale actually makes the big sell they are planning for.

Though this dashboard is completely free to use, we can do some of the heavy lifting for you to analyze some of the past 24 hours of movement. Let's look at some of the biggest recent moves, classified by different categories:

Most Recent:

$1.5M Worth of MX Token Deposited to Huobi

At 0.46% of the entire supply, this is quite a big move. But based on the even larger move from one week ago, we have some history showing that this may not have much impact on price.

Largest Value

$101.8M Worth of Wrapped Bitcoin Deposited to Kraken

This is a whopping 0.75% of the entire supply moving to Kraken. It's worth noting that this was one of many other WBTC deposits that were all sent to either Kraken or Binance. None were as large as this one, but we can see the bunches of transaction volume spikes as crypto corrected. Since Wrapped Bitcoin is directly linked to Bitcoin's price, these may have been related to some of the big red candles we saw shortly after BTC's $109.3K all-time high.

Highest Ratio of Supply

1.05% of Portal Gaming Deposited to Kucoin

This altcoin is somewhat obscure, currently sitting as the #438 largest market cap in crypto. Taking a look at the asset's transaction volume over the past week, we do see that this spike is very significant to its normal levels. The asset has already been freefalling -25% over the past 3 days, and this level of coins moving to exchanges probably won't help matters.

Let us know what kind of value find from this dashboard, and we'd love to hear what kinds of huge whale deposits you spot and use to your advantage... even if it's after the fact!

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Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.