Order Book
Whale Selling and Altcoin Microstructure: Lessons from Arthur Hayes’ FalconX Transfers
Large transfers of PENDLE, ENA and LDO to FalconX at prices below entry reframe how traders should read whale flows, order books and funding markets. This piece explains why big players use custodial/OTC counterparties, how those moves shape liquidity and derivatives, and practical signals traders can use to spot imminent exits.
Published at 2026-02-03 15:38:55