Learn on-chain analysis

A free course on reading Ethereum whale data carefully, with every exercise on a live page.

10 lessons · about 73 minutes · free, no account needed · each lesson ends with an exercise on a live page and a 3-question check

  1. 1
    What counts as a whale wallet
    Why we pick whales by what they hold, not by how much they trade, and what that leaves out.
    6 min · exercise on Whale wallet leaderboard
  2. 2
    Reading a single on-chain move
    Transaction hash, sender, receiver, token and value: how to check any whale move yourself on Etherscan.
    7 min · exercise on Live whale feed
  3. 3
    Exchange moves vs DEX trades
    Why a withdrawal from an exchange is not a purchase, and why most whale flow is exchange transfers.
    8 min · exercise on Binance whale flow
  4. 4
    Accumulation, distribution and net flow
    Turning many moves into one reading: net flow, accumulation share, and the traps in both.
    7 min · exercise on What are whales buying today
  5. 5
    Following a token through whale data
    What a token page tells you: whale count, flow, the DEX share, the largest move, and how to read them together.
    7 min · exercise on LINK whale activity
  6. 6
    Following a wallet over time
    Holdings, history and profit/loss on a single wallet, and the limits of what one wallet page can show.
    7 min · exercise on Whale wallet leaderboard
  7. 7
    Who owns a wallet? Public tags vs guesses
    Where wallet names come from, why most whales stay anonymous, and why custody hides much of a treasury.
    6 min · exercise on Treasury companies & ETFs
  8. 8
    Spotting noise in whale data
    Market makers, exchange plumbing, mispriced tokens and late data: how to tell a real pattern from an artifact.
    7 min · exercise on Data methodology
  9. 9
    Measuring a signal honestly
    Fixed rules, closing prices, a baseline to beat, and why most “hit rates” you see online are inflated.
    8 min · exercise on Smart Money leaderboard
  10. 10
    Working with the data yourself
    Load the free sample CSV, group it by token and venue, and write a finding you can defend.
    10 min · exercise on Free sample CSV

Teaching a class?

The lessons work as assignments: each exercise uses a free live page, and the free sample dataset (CC BY 4.0) works for homework and projects. See the instructor sheet for a lesson map and suggested assignments.

Lessons describe how Deep Blue Alpha’s data works and how to read it carefully. They describe past on-chain activity and are not investment advice.