Bitcoin whale deposits to exchanges surged to 9,000 BTC on Nov. 21, with large holders driving 45% of inflows. If it keeps up, Bitcoin could have more to fall. Continued selling pressure from Bitcoin whales could result in the asset falling further, cautioned analysts at CryptoQuant. Bitcoin (BTC) exchange inflows reached a peak of 9,000 on Nov. 21 as the price of Bitcoin declined to $80,600 on Coinbase, its lowest in seven months, it said in a market summary on Wednesday. When crypto exchange inflows increase, it is often a sign that investors are preparing to sell, while the opposite is the case when exchange outflows are increasing.Read more Bitcoin whale deposits to exchanges surged to 9,000 BTC on Nov. 21, with large holders driving 45% of inflows. If it keeps up, Bitcoin could have more to fall. Continued selling pressure from Bitcoin whales could result in the asset falling further, cautioned analysts at CryptoQuant. Bitcoin (BTC) exchange inflows reached a peak of 9,000 on Nov. 21 as the price of Bitcoin declined to $80,600 on Coinbase, its lowest in seven months, it said in a market summary on Wednesday. When crypto exchange inflows increase, it is often a sign that investors are preparing to sell, while the opposite is the case when exchange outflows are increasing.Read more
Bitcoin risks deeper drop if whale exchange deposits stay high: Analyst
Bitcoin whale deposits to exchanges surged to 9,000 BTC on Nov. 21, with large holders driving 45% of inflows. If it keeps up, Bitcoin could have more to fall.
Continued selling pressure from Bitcoin whales could result in the asset falling further, cautioned analysts at CryptoQuant.
Bitcoin (BTC) exchange inflows reached a peak of 9,000 on Nov. 21 as the price of Bitcoin declined to $80,600 on Coinbase, its lowest in seven months, it said in a market summary on Wednesday.
When crypto exchange inflows increase, it is often a sign that investors are preparing to sell, while the opposite is the case when exchange outflows are increasing.
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