Bitcoin whale watching is framed as a timing tool for spotting when a move may be nearing an end, not as a directional predictor. The new Into the Cryptoverse dashboard combines whale transactions, exchange activity, exchange inflow composition, and whale-holder positioning, and the current read is not flashing a major spike because whale activity is low. Historical spikes in exchange activity and whale activity lined up with cycle lows and highs across 2013, 2015, 2017, 2018, 2021, 2022, January 2025, and October 2025, but the same behavior is explicitly not guaranteed to repeat. The address and supply views show redistribution from larger balance buckets into the 100-1,000 BTC range, while several large-whale transaction measures remain subdued into August 2026.
The new Into the Cryptoverse whale-watching dashboard tracks four areas: whale transactions, exchange activity, exchange inflow composition, and whale holder positioning.
Whale transactions are defined as the equal-weight average of the selected whale-transaction input scores on each day; exchange activity is the equal-weight average of selected exchange deposit, withdrawal, and flow-in-balance measures.
A whale-activity rise does not automatically mean bad for price: whale activity can be high at lows and high at highs, and the same spike can mark either a local top or a local bottom when volatility is high.
Exchange activity spiked into the December 2018 low, the pandemic low in 2020, and the January-February 2015 cycle bottom.
Whale transactions were called pretty benign right now, and the historical spikes cited were December 2017, early 2021, mid-2019, October 2025, and the January 2025 local top.
The combined whale-activity score has spiked at the end of 2017, the beginning/early stages of 2021, the end of 2018, the end of 2022, and the end of 2013; it is not spiking now because whale activity is not high.
Whale transaction counts for 100,000+, 1 million+, and 10 million+ are low right now; the 100,000+ count is about back to August 2018 levels, but without the huge spike that preceded the 2018 outcome.
The 1 million+ whale-transaction count is described as really low versus the last several years and has only been at these levels a couple of times before dipping a bit lower and recovering; the 10 million+ count is also dropping.
Bitcoin deposits from the 10 largest inflow transactions relative to total inflow trended down for a long time and then stabilized after 2017.
Alt BTC pairs have generally trended down since 2017, and the advanced decline index of the top 100 cryptocurrencies has also generally trended down since 2017.
On the dashboard, most of the top Bitcoin addresses are exchanges, so the top several addresses are not expected to add much signal.
The dashboard labels first in, last in, first out, and last out so you can see when Bitcoin last moved into or out of specific addresses; some addresses were active today, while others have been dormant for a long time.
One example wallet was active today, Wallet 90 holds 9,800 BTC with last in in April 2026, and another address added a modest 5,900 BTC in July 2026.
Supply held by addresses with 1-10,000 BTC has been dropping since 2021, while 100-1,000 BTC supply has been trending up; 10,000-100,000 BTC supply has been trending down and 100,000-1,000,000 BTC supply has been relatively flat.
The redistribution shown is from the 1,000-10,000 BTC range, which fell from about 30% to almost 20%, toward the 100-1,000 BTC range, which rose from about 20% to about 25-26%; address counts for many larger balance buckets have generally trended down.
The live whale-positioning view breaks positions into small whale, large whale, tidal whale, and leviathan, and also tracks which positions are winning, losing, bullish, or bearish.
The dashboard is meant to flag when a Bitcoin move may be nearing an end rather than predict whether the next move is up or down; large spikes in whale activity are the kind of signal expected around that inflection.
It has been about 4 years since the last whale-watching video, the site is intothecryptoverse.com, ITC conference ticket prices go up on September 1, and the conference runs November 20-22.
BitInfoCharts was used for whale-watching charts in 2022, and the site shows many different address and related metrics.