Indicator Explanation Tutorial

Alpha > 0.5: Clear whale entry detected; > 1: Obvious whale accumulation; > 2: Heavy whale entries.
Alpha < -0.5: Clear whale exit detected; < -1: Obvious whale exiting; < -2: Heavy whale exits.

Whale Hunter is a open interest analysis indicator, which tracks changes in open interest and trading volume over time. A positive value (green bar) indicates an increase in open interest, potentially signaling whale accumulation, and a negative value (red bar) indicates a decrease in open interest, potentially signaling whale exits.

The Overview page displays blocks representing the largest changes in open interest, with color and percentage changes indicating price change.

The Scatter page cross-analyzing changes in open interest and trading volume, you can instantly spot which tokens are entering breakout phases or being quietly accumulated by whales. It's one of the most effective charts for tracking whale behavior.