Bulls and Bears
Last updated
Last updated
The Bulls and Bears indicator tracks the number of addresses that purchased or sold more than 1% of the total amount of volume traded on a given day. IntoTheBlock categorizes those that bought more than 1% of the total volume as bulls and those that sold more than 1% as bears.
This indicator can be seen in terms of addresses or volume (measured in crypto). The volume view aggregates the total amount purchased by bulls and sold by bears.
The Bulls and Bears indicator measures the total amount of large buyers/sellers. As institutions such as exchanges are constantly sending and receiving crypto moving it from one address to another, the important thing to look at in this indicator is the difference between bulls and bears.
In the example above for Ethereum, we see that generally the difference between bulls and bears is net positive, pointing to more large buyers than sellers. As well, the highlight below the chart easily summarizes the total amount of bulls and bears. In general, more bulls point to greater confidence in the current price trend.
⭐️ Quick Tip: Make sure to look at the difference between bulls and bears to have an understanding of the net buying/selling activity by large players.
