Exchange Inflows from Bitcoin Whales Spike as Analysts Expect Selloff
Bitcoin has been expressing tremendous strength throughout the past few days, with its price seeing an unrelenting uptrend that has allowed it to surmount multiple strong resistance levels and flip them into support. Its momentum stalled slightly yesterday afternoon following its rejection at $13,200, but this appeared to be only a slight speedbump, as BTC […]
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On-chain data shows Bitcoin exchange inflows have continued their recent sharp rise as the price of the crypto drops further. 7-Day MA Bitcoin Exchange Inflow Continues To Point Up As pointed out by an analyst in a CryptoQuant post, BTC inflows are steeply rising as the selloff in the market rages on. The “exchange inflow” […]
On-chain data shows Bitcoin exchange inflows from whales holding between 1k to 10k BTC have spiked up recently, a sign that can be bearish for the price of the crypto. Bitcoin Exchange Inflows Spike Up Following Rally Above $24k As pointed out by a CryptoQuant post, the BTC whales with between 1k to 10k BTC seem to have sent a large stack to exchanges recently. The “exchange inflow” is an indicator that measures the total amount of Bitcoin being transferred to wallets of all centralized exchanges (both spot and derivatives). When the value of this metric spikes up, it means a....
On-chain data suggests the Bitcoin exchange inflows shot up recently, suggesting selling on exchanges may be behind the latest drop in the crypto’s price below $22k. Bitcoin All Exchanges Inflow Has Observed A Large Value In Recent Days As pointed out by a CryptoQuant post, whales with 1k to 10k BTC moved a significant number […]
For the first time in weeks, Bitcoin saw a massive selloff yesterday evening that caused its price to reel to lows of $17,400 These lows came just over an hour after the cryptocurrency hit highs of $18,600, with this marking a fresh post-2017 high Where the entire market trends in the near-term will depend largely on how Bitcoin continues trading in the time following this selloff Bulls were able to push BTC back above $18,000 […]
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....