Cryptometer.io/whale-trades is a tool that provides valuable insights into the large single trades (whale trades) executed in the cryptocurrency market. The tool allows traders to monitor the trades executed by whales and provides them with the necessary information to make informed decisions.
Step 1: Understanding the Chart
The chart on the whale-trades tool is a bar chart that displays the whale trades over a selected time frame. The bar chart has two colors, blue and red, which represent buy and sell trades, respectively. The height of each bar represents the trade amount in USD.
Step 2: Setting the Time Frame
To view the whale trades over a specific time frame, you need to select the time frame from the drop-down menu.
Step 3: Selecting the Coin and Exchange
You can filter the whale trades data by selecting a specific coin and exchange. The drop-down menu located on the top of the chart allows you to select the coin, and the exchange.
Step 4: Setting the Threshold for Trade Amount
The drop-down menu located on the top right of the chart allows you to select the threshold for trade amounts. The threshold determines the minimum trade amount in USD to be displayed on the page.
Step 5: Understanding the Table
The table on the Cryptometer.io/whale-trades tool displays the whale trades data in tabular form. It highlights the rows when there is significant volume within trade. The table shows the following information for each trade:
- Name: The cryptocurrency pair traded
- Exchange: The name of the exchange on which the trade was executed
- Quantity: The quantity of the coin traded
- Total amount in quote coin: The total amount in the quote coin for the trade
- Side: The side of the trade (buy or sell)
- Date/Time: The time when the trade was executed
Step 6: Understanding the Importance of Whale Trades Data
Whale trades data provides valuable insights into the cryptocurrency market as it allows traders to monitor the trades executed by whales, who typically hold large amounts of assets and have a significant impact on the market. By understanding the trades executed by whales, traders can make informed decisions, such as when to buy or sell a specific coin, or when to enter or exit the market.
Cryptometer.io/whale-trades is a valuable tool for traders that provides insights into the large single trades (whale trades) executed in the cryptocurrency market. The tool allows traders to monitor the trades executed by whales, set the time frame, select the coin and exchange, and set the threshold for trade amount. The chart and table on the tool provide valuable information for traders to make informed decisions in the cryptocurrency market.
