Today news
About the same in other media
Bitcoin whales move fresh coins to exchanges in repeat of behavior before $42K BTC price dip
Reading now: 136
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
Read more on cointelegraph.comAbout this in other media
Bitcoin hits $49K as BTC price gets unlikely boost from Erdoğan’s Turkish lira tinkering cointelegraph.com /3 years ago
Bitcoin 'death cross' that pushed BTC price to $28.8K reappears cointelegraph.com /3 years ago
Fish food? Data shows retail investors are buying Bitcoin, whales are selling cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
