Bitcoin Binance Exchange Whale Ratio Is Declining: What It Means
On-chain data shows the Bitcoin Exchange Whale Ratio for Binance has been going down recently, a sign that may be bullish for BTC’s price. Bitcoin Binance Exchange Whale Ratio Is Calming Down As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin whale selling pressure may be decreasing on the cryptocurrency exchange Binance. […]
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Bitcoin has continued its downward trajectory when observed over weekly and monthly timeframes, recording an 8.4% decline in the past week and a 16.2% drop over the past month. However, in the shorter time frame, signs of potential reversal are emerging. Over the past 24 hours, Bitcoin has seen a slight recovery, with its price rising to $81,647. This shift has led analysts to closely examine whale activity and exchange trends to determine whether the correction phase may be nearing an end. Related Reading: Bitcoin’s SOPR Nears Critical Level—Is a Deeper Correction Ahead? Binance’s Whale....
On-chain data shows the Bitcoin exchange whale ratio has declined recently as the crypto surges above the $24k mark. Bitcoin Exchange Whale Ratio (EMA 7) Is Currently Below 0.50 As per a post from CryptoQuant, the BTC exchange whale ratio has gone down recently while the price has surged up. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top 10 Bitcoin transactions to exchanges and the total exchange inflows. exchange whale ratio = sum of top 10 inflow txs (in BTC) ÷ total exchange inflows (in BTC) Here, the ten largest transfers are....
On-chain data shows the Bitcoin whale ratio has surged up recently, as leverage in the market has remained around an all-time high value. Both Bitcoin Whale And Leverage Ratios Are Around ATHs Right Now As pointed out by an analyst in a CryptoQuant post, BTC investors are involved in some high-risk trading in the futures market currently. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top ten inflows to exchanges, and the total exchange inflows. Since the ten largest transfers to exchanges are assumed to be from the whales, this metric....
On-chain data shows the Bitcoin Exchange Whale Ratio has been on the up recently, a sign that could prove to be bearish for the asset’s price. 60-Day MA Bitcoin Exchange Whale Ratio Has Been Rapidly Climbing Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the Exchange Whale Ratio has seen sharp […]
On-chain data shows the Bitcoin exchange whale ratio has been going up recently, something that may be bearish for the price of the crypto. Bitcoin Exchange Whale Ratio Has Been Going Up In Recent Weeks As pointed out by an analyst in a CryptoQuant post, the current BTC whale ratio value suggests whales are still selling large amounts. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top ten Bitcoin transactions to exchanges and the total exchange inflows. In simpler terms, what this metric tells is how much of the total inflows to....