Elena Nikulina

Joao Wedson: Whale bullish sentiment alone not enough to drive market

Joao Wedson: Whale bullish sentiment alone not enough to drive market
Whale sentiment fails to sustain rallies

Joao Wedson observes that whales generally position themselves ahead of retail investors, as indicated by the Whales vs Retail Delta metric.

However, Wedson points out that recent periods of predominantly bullish whale sentiment did not translate into sustained market momentum. He emphasizes the need for this metric to turn and remain green to confirm a lasting shift.

Wedson has previously examined whether Bitcoin’s long-standing cost basis signal remains a reliable indicator in the current environment, as detailed in a separate analysis. He also identified a 72 percent similarity between the 1H and 4H BTC timeframes around the October 2025 all-time high, according to earlier research. These prior observations add context to his ongoing focus on trader positioning metrics.

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