The Bitcoin Exchange Whale Ratio (BEWR) is a key indicator used to measure the dominance of large deposit transactions in the cryptocurrency market. Recently, the BEWR has seen a significant increase, with its 30-day simple moving average (SMA) value reaching 0.6.
This surge indicates that whales are making up for a larger share of exchange inflows, which could be a sign of selling-related activity among big-money holders. The BEWR is calculated as the ratio between the sum of the top 10 exchange inflows and the total exchange inflow.
The recent trend has been observed since Bitcoin's price dropped to $60,000 in early February. Despite the asset stabilizing at around $68,400, the BEWR value remains high. It will be interesting to see how the BTC price develops in response to this potential selling pressure.