Bitcoin whales send BTC to futures exchanges in ‘classic’ bottom signal
Avoiding fallout from positions “putting in a local bottom” has been standard practice for prior BTC price bottoms, one analyst shows. Bitcoin (BTC) whales are betting on a rebound as fresh data shows “classic” bottom behavior.According to on-chain analytics platform CryptoQuant, large-volume investors are moving coins to derivatives exchanges en masse this month.Analyst: Whales protectin positions “forming a local bottom”As BTC/USD hit its lowest levels since the end of June, whales were responding kind.In one of its Quicktake market updates posted on Sept. 7, CryptoQuant analyst Maartunn....
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