Filecoin – How rising whale demand could extend FIL’s 14% gains

Filecoin [FIL] climbed 14% in the past day as of writing, with bullish momentum pushing the asset higher on the chart. One of the clearest indicators comes from whales, a group of investors who hold significant capital in the market and can influence price. Whale involvement in the market rose significantly in the past day, with the Whale Retail Ratio, which tracks whether whales or retail traders are active in the market, rising to around 0.329 on the chart. When the delta surges and remains strongly positive, as is currently the case, it implies that the asset is likely to continue in its present direction. CoinGlass data shows that whale positioning on Binance and Bybit has helped the rally.

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