Every sustainable rally since November started with Whale Delta flipping green. Every single one.
This metric tracks whether the biggest players in the market are net buying or net selling. When it's red, the heaviest wallets on the exchange are actively distributing, not "buying the dip".
Even during that final push into $97K in January, Whale Delta was already falling while price was pushing higher. The big players weren't behind that move. Retail was. And that's exactly why it broke down and didn't hold.
Right now it's at -9.96, one of the deepest readings since the October ATH. The biggest players have been net sellers since the breakdown, and nothing has changed so far.
No green on this indicator = no rally worth trusting.