Why are the readings so different?
In both cases "a whale moved," but
the meaning can bethe exact opposite.
| Category | Exchange inflows | staking transfers |
|---|---|---|
| Short-term selling potential | Higher | Lower |
| liquidity | Available immediately | Locked up |
| Market reading | Caution needed | Neutral to positive |
So when you look at on-chain data,
"where it moved" is the key.
Judging by transfer volume alone makes misreading easy.