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Bitcoin whales move fresh coins to exchanges in repeat of behavior before $42K BTC price dip
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Bitcoin (BTC) whales may be planning to sell at short notice as BTC price action struggles around $47,000.
In its daily QuickTake market updates on Dec. 5, on-chain analytics firm CryptoQuant warned that large volume movements on exchanges were increasing again.
Highlighting its exchange whale ratio metric, CryptoQuant deduced that major Bitcoin investors were taking no chances when it comes to short-term price action.
Exchange whale ratio measures the size of the largest inflows and outflows from exchanges relative to total inflows and outflows.
Before Saturday's dip to $41,900, the metric spiked above the peak 0.95 level — and as of Monday, is back in the same territory.
"Whales are still depositing BTC to exchanges. Exchange Whale Ratio
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