Bitcoin’s Whale Ratio Signals Potential Turning Point

Bitcoin recently experienced a sharp 7% drop after reaching an all-time high above $124,000. This dip has sparked debate about the sustainability of the bullish market cycle. While analysts weigh in on potential causes for this decline, some key on-chain indicators suggest a different narrative. The Exchange Whale Ratio, a metric closely watched by seasoned investors, is nearing a historical threshold often associated with local market bottoms. Increased activity from large whales on exchanges might signal a period of consolidation before a rebound.