Whales Are Expecting a Rise

The combination in the chart is quite valuable for understanding how whales are viewing the market.
The first notable point is that the Whale Ratio still produces high spikes periodically, but in recent weeks it has been moving more controlled.
A sharp increase in the Whale Ratio usually indicates whales are moving $BTC to exchanges and selling pressure may increase.
However, currently the ratio is around 0.49 and is lower compared to past sell zones.
This suggests whales are not fully in sell mode at the moment.
On the SOPR side, it is critically balanced around 1.00.
This level represents a market where sales are at break-even, neither profit nor loss.
The inability of SOPR to stay consistently above 1 indicates a lack of strong momentum, but its failure to drop sharply below 1 also suggests whales are not expecting a major crash yet.
In other words, whales do not seem to have completely exited the market.
The most important signal is the recent downward trend in the Exchange Stablecoin Ratio, indicating that stablecoin amounts on exchanges are strengthening relative to BTC.
This generally means there is buying power waiting in the market.
In other words, whales may not be completely avoiding risk but are looking for opportunities.
Stoch RSI is also trying to move up from the oversold zone.
This supports the possibility of a short-term rebound.
In summary, while short-term volatility may continue, the medium-term upward expectation is slightly more dominant.
⚠️ #not an advertisement or investment advice. This analysis reflects my personal opinion. It is not definitive.