Backtests whether historical spikes in whale-to-exchange flow (top 25% of days) were followed by a price move 2 days later.
Days with net pressure above $42,173
Of historical spike days
Mean change over 2 days following a spike
Historically, when whale-to-exchange pressure spiked, the price dropped within 2 days in 65% of 37 observed instances (avg. change -1.35%). This is a meaningful bearish tell for this network.