🧪 🧪 🧪 A study by researchers from the @PhiladelphiaFed, @Wharton, and @Princeton analyzed over 32,000 Whale Alerts from 2017 to 2025. Key finding: non-whale traders exhibit strong leader-follower behavior on #Bitcoin within 15 minutes of an alert, buying and selling with whale trades. Read the full paper at the Philadelphia Fed: https://www.philadelphiafed.org/-/media/frbp/assets/working-papers/2026/wp26-42.pdf