#Wirite2Earn If you are looking for the best way to track whale trades on the Binance platform, there are several methods you can use:
1. Monitor the performance of major traders on Binance Futures and learn their strategies, seeing the profit and loss ratios of the top traders. There are also methods that provide details about each trade.
Available on the Binance Futures platform in the 'Leaderboard' section.
2. On-Chain Tracking using sites like:
Whale Alert: Notifies you when large transfers occur between wallets or between wallets and exchanges.
Lookonchain and Nansen: Analyze large wallets and display their strategies in more depth.
DeBank: Displays details of whale wallets linked to decentralized finance (DeFi) platforms.
3. Use API and Bots for real-time tracking.
You can use the Binance API to create analytical bots that monitor large trading volumes on specific pairs.
Some paid bots like 3Commas and Cryptohopper offer analyses of large trades.
4. Manual analysis via Binance data.
Order Book & Depth Chart: You can monitor large orders (Walls) in the order book.
Liquidation Data: In Binance Futures, monitoring large liquidations gives insights into market movements.
Volume Spikes: Any sudden increase in trading volume may indicate significant movements by whales.
If you want to track whales on Binance, the Leaderboard is suitable for professional traders, while sites like Whale Alert and Nansen provide deeper insights into large wallets. And if you are advanced in analysis, you can use the API.