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Observation windows and populations are stated in the source captions and methodology. Missing metadata is unknown, not zero. Figures describe large-trade alerts logged by Vultax detection pipelines from observed exchange trade feeds over the stated window. They are not a statement about any exchange's conduct, are not an allegation of wrongdoing by any venue or participant, and nothing here is financial advice.", "downloads": { "json": "https://vultax.com/research/crypto-whale-trades-115000-alerts-six-exchanges/data.json?dataset=section-each-venue-keeps-its-own-clock-table", "csv": "https://vultax.com/research/crypto-whale-trades-115000-alerts-six-exchanges/data.csv?dataset=section-each-venue-keeps-its-own-clock-table" } }, { "title": "Large-trade alerts per day, by weekday", "columns": [ { "name": "Category", "unit": null }, { "name": "Alerts per day", "unit": null } ], "rows": [ [ "Mon", 2235 ], [ "Tue", 1686 ], [ "Wed", 2208 ], [ "Thu", 1789 ], [ "Fri", 2324 ], [ "Sat", 1570 ], [ "Sun", 1424 ] ], "measurementContext": "Average alerts per day on six exchanges, 18 June to 3 September 2026", "sources": [ { "label": "Vultax whale tracker — how large-trade, burst and momentum alerts are raised", "url": "https://vultax.com/features/whale-tracker", "note": "Alert definitions, the venue, side, size and timing context stored with each print, and the per-venue recent count" }, { "label": "Vultax methodology — data sources and coverage", "url": "https://vultax.com/methodology", "note": "Trade-feed sources, coverage limits and the explicit-gap standard" }, { "label": "Vultax — Crypto Wash Trading: What the Research Actually Shows", "url": "https://vultax.com/research/crypto-wash-trading-what-the-research-shows", "note": "Why large reported activity on a venue is not by itself evidence of genuine demand" }, { "label": "Kyle, A. S. (1985). Continuous Auctions and Insider Trading. Econometrica 53(6)", "url": "https://www.jstor.org/stable/1913210", "note": "The canonical model of how informed large orders move price and why size is read as information" }, { "label": "Easley, D., López de Prado, M., O'Hara, M. (2012). Flow Toxicity and Liquidity in a High-Frequency World. Review of Financial Studies 25(5)", "url": "https://doi.org/10.1093/rfs/hhs053", "note": "Order-flow imbalance as a measure of informed trading, the basis for reading clustered same-side prints" }, { "label": "Makarov, I., Schoar, A. (2020). Trading and arbitrage in cryptocurrency markets. Journal of Financial Economics 135(2)", "url": "https://doi.org/10.1016/j.jfineco.2019.07.001", "note": "Venue segmentation in crypto markets and why the same flow looks different across exchanges" }, { "label": "Binance spot WebSocket streams documentation", "url": "https://developers.binance.com/docs/binance-spot-api-docs/web-socket-streams", "note": "Trade and aggregate-trade stream semantics that determine what a single print is" }, { "label": "CoinDesk — Bitcoin whales bought 270,000 BTC in two weeks even as ETFs bled a record $4 billion (3 Jul 2026)", "url": "https://www.coindesk.com/markets/2026/07/03/bitcoin-whales-bought-270-000-btc-in-two-weeks-even-as-etfs-bled-a-record-usd4-billion", "note": "Large holders accumulated while U.S. spot ETF demand ran in reverse: on-chain accumulation and exchange tape are different measurements of the same word." }, { "label": "Yahoo Finance — Bitcoin whales accelerate exchange activity in early 2026 amid fragile liquidity", "url": "https://finance.yahoo.com/news/bitcoin-whales-accelerate-exchange-activity-123727209.html", "note": "CryptoQuant's exchange whale ratio (top-10 inflows over all inflows) at a ten-month high; Glassnode spot volume at its lowest since November 2023." }, { "label": "Eross, A., McGroarty, F., Urquhart, A., Wang, S. (2019). The intraday dynamics of bitcoin. Research in International Business and Finance 49", "url": "https://doi.org/10.1016/j.ribaf.2019.01.008", "note": "Intraday volume and liquidity patterns in bitcoin, peaking in US hours" }, { "label": "Baur, D. G., Cahill, D., Godfrey, K., Liu, Z. F. (2019). Bitcoin time-of-day, day-of-week and month-of-year effects in returns and trading volume. 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Observation windows and populations are stated in the source captions and methodology. Missing metadata is unknown, not zero. Figures describe large-trade alerts logged by Vultax detection pipelines from observed exchange trade feeds over the stated window. They are not a statement about any exchange's conduct, are not an allegation of wrongdoing by any venue or participant, and nothing here is financial advice.", "downloads": { "json": "https://vultax.com/research/crypto-whale-trades-115000-alerts-six-exchanges/data.json?dataset=section-the-week-chart", "csv": "https://vultax.com/research/crypto-whale-trades-115000-alerts-six-exchanges/data.csv?dataset=section-the-week-chart" } } ] }