Whale Cohort Balance

Definition ∞ Whale Cohort Balance refers to the aggregate amount of a specific digital asset held by a group of large investors, often termed “whales,” over a defined period. Analyzing this balance provides insight into the accumulation or distribution patterns of significant market participants. It serves as an indicator of their collective market sentiment and potential influence on price action.
Context ∞ Tracking the whale cohort balance is a common practice in on-chain analytics and is frequently cited in crypto news to gauge market sentiment and predict potential price movements. A rising balance suggests accumulation and confidence, while a declining balance might indicate profit-taking or reduced conviction.