That said, the Whale Supply Shock tends to provide “a measurement of supply locked in Whales wallets which can have on supply dynamics and thus on price,” stated Dor Shahar, an on-chain analyst at CryptoJungle, in a tweet on Nov.
The Whale Supply Shock appeared to have been predicting the macro Bitcoin price tops.
The metric showed that whales began distributing their coins among fishes, correctly predicting an upcoming macro top and correction.
It started recovering after bottoming out in mid-July, indicating that whales started re-accumulating Bitcoin at a faster pace than the fishes.
Conclusions: The ratio between the two groups; whales and other fishes gives a measurement of supply dynamics.