A new analysis found that large blockchain transactions, often highlighted by whale alert services, have little impact on predicting cryptocurrency price changes. This analysis has shown that there is little correlation between Bitcoin, Ethereum and Solana deposits to Binance exchange and price changes after that.

Yes, new analysis suggests that large blockchain transactions, typically highlighted by whale alert services, have little impact on predicting cryptocurrency price movements. The analysis has found little correlation between deposits of Bitcoin, Ethereum, and Solana on the Binance exchange and subsequent price movements.