> ## Documentation Index
> Fetch the complete documentation index at: https://peak-docs.birdeye.so/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Tracking Smart Money

> Surface meaningful wallet activity using Peak.

"Smart money" tracking covers two related questions: *what are notable wallets doing* and *what does aggregate wallet activity tell us about the market*. Peak supports both, with Commands designed for wallet-level and cohort-level analysis.

This guide outlines a practical approach to both.

## Two angles on the same problem

<CardGroup cols={2}>
  <Card title="Wallet-level activity" icon="user">
    Track specific wallets — known whales, fund addresses, smart-money cohorts — and analyze their behavior individually.
  </Card>

  <Card title="Aggregate flow analysis" icon="wave-square">
    Examine flows across many wallets to identify trends — accumulation, distribution, rotation.
  </Card>
</CardGroup>

## Aggregate flow analysis

For most users, aggregate flow data is the higher-signal starting point. It surfaces patterns without requiring you to identify specific wallets first.

### CEX flows — CX Whale Tracker (CWT)

**CX Whale Tracker (CWT) ↗** is scoped to a Token Object and shows CEX inflows and outflows. Large net inflows can indicate distribution pressure; large net outflows can indicate accumulation moving to self-custody or DeFi.

**What to look for:**

* Net flow direction and magnitude
* Trend changes — sustained outflows turning to inflows
* Spikes during specific events (listings, unlocks, news)

### DEX trader behavior — DX Trader Analysis (DXT)

**DX Trader Analysis (DXT) ↗** examines DEX-side trader behavior for a Token. Useful for identifying patterns in on-chain trading activity that may precede broader moves.

### DEX-level user analysis — DEX User Analysis (DUA)

For protocol-level analysis (rather than token-level), **DEX User Analysis (DUA) ↗** on a Protocol Object examines trader behavior at the venue level.

## Wallet-level analysis

When you have identified specific wallets worth tracking, the Wallet Object is the entry point. Each wallet Object provides views into that wallet's holdings, history, and activity.

A typical wallet investigation:

<Steps>
  <Step title="Open the Wallet Object">
    Enter the wallet address into the search bar.
  </Step>

  <Step title="Review holdings and recent activity">
    Examine current positions and recent transactions.
  </Step>

  <Step title="Cross-reference to tokens of interest">
    Click through to any tokens the wallet is actively trading.
  </Step>

  <Step title="Add to a watchlist for ongoing tracking">
    Wallet watchlists let you monitor multiple addresses together.
  </Step>
</Steps>

## Combining the two

The strongest signal often comes from combining wallet-level and aggregate analysis. For example:

* Aggregate **CWT** shows sustained CEX outflows for a token.
* Wallet-level analysis identifies several large wallets accumulating off-exchange.
* **Ownership (OWN) ↗** confirms concentration is increasing at the top of the holder distribution.

Three views, one consistent story. Peak's cross-references are designed to make this kind of triangulation fast.

## Setting up ongoing tracking

For ongoing smart-money monitoring:

* **Build a wallet watchlist** for the addresses you track most closely.
* **Set alerts** on token-level flow conditions (`CWT`-based alerts) for tokens material to your portfolio.
* **Schedule periodic reviews** of aggregate flow data for sector tokens.

## Commands referenced

| Command | Purpose                                                       |
| ------- | ------------------------------------------------------------- |
| `CWT`   | CX Whale Tracker — CEX inflows and outflows for a Token       |
| `DXT`   | DX Trader Analysis — DEX trader behavior for a Token          |
| `DUA`   | DEX User Analysis — DEX trader analysis at the Protocol level |
| `OWN`   | Ownership — holder concentration for a Token                  |

## Related guides

<CardGroup cols={2}>
  <Card title="For Research Analysts" icon="magnifying-glass-chart" href="/docs/guides/by-role/research-analysts">
    How analysts integrate flow data into broader research.
  </Card>

  <Card title="Portfolio & Watchlist Setup" icon="list-check" href="/docs/guides/by-workflow/setting-up-alerts">
    Practical patterns for organizing positions and watchlists in Peak.
  </Card>
</CardGroup>