Left axis: USD. Right axis: ounces of gold per BTC.
High BTC trading volumes often coincide with large institutional or whale participation. This panel visualizes base volume in BTC and lists the top 10 candles in the selected horizon. Interpretation as “selling” or “accumulation” requires additional on-chain context that is not available from exchange volume alone.
| # | Time (exchange) | Volume (BTC) |
|---|
- Large BTC deposits to exchanges may precede selling pressure but require confirmation from on-chain flows.
- Withdrawals to self-custody often suggest accumulation when combined with off-exchange balance metrics.
- Some high-volume periods represent internal rebalancing or liquidity management rather than directional trades.