/whalesummary

Like https://t.me/whale_alert_io but summarized

Primary LanguageGo

What this is

Tool to summarize and report large exchange inflows, exchange outflows, mints, and burns.
Data is sourced from whale-alert and reported via a telegram channel.

Limitations

  1. Only reads transactions reported by whale alert
  • Limited to blockchains and tokens they monitor
  1. Only reads 50 minutes worth of transaction history
  2. Only reads transactions >= $500,000
  3. Only considers transfers to and from exchanges
  • Does not consider transfers from one exchange to another
  1. Only a summary
  • Go to whale-alert or check with the blockchain for more detail
  1. List of stable coins is manual. It may be wrong. It is incomplete.

How bullish or bearish is considered

  1. Minting
  • Minting of new stable coin suggests conversion of fiat. Bullish.
  • Minting of new crypto means an increase in supply and a decrease in price. Bearish.
  1. Burning
  • Burning of stable coin suggests conversion into fiat. Bearish.
  • Burning of crypto means a decrease in supply and an increase in price. Bullish.
  1. Exchange Inflows
  • Transfer of stable coin into exchanges suggests an intent to buy crypto. Bullish.
  • Transfer of crypto into exchanges suggests an intent to sell. Bearish.
  1. Exchange Outflows
  • Transfer of stable coin out of exchanges suggests buying has stopped. Bearish.
  • Transfer of crypto out of exchanges suggests selling has stopped. Bullish.

Note

Be aware that whales are aware that we are aware and so on.
These are not guarantees nor are they financial advice. Just my opinion.

Development

Requirements

  1. go
  2. config.json file. See sample_config.json.

Build and run

go get -d
go build
./whalesummary

Tips are appreciated. 0xBa2306a4e2AadF2C3A6084f88045EBed0E842bF9