Analysts say surging Bitcoin whale inflows heighten chance of BTC correction
Bitcoin whale inflows are increasing as the price of BTC struggles to break past $19,500. Since hitting a new all-time high, Bitcoin (BTC) price has been unable to flip the $19,400 level to support. This is likely due to the possibility that whales are selling aggressively in the $19,400 to $19,600 range to prevent the all-time high from being breached. Above the record high, there is little resistance until a new ceiling is achieved.Bitcoin whale inflows into exchanges. Source: CryptoQuantWhales keep selling each time BTC nears the all-time high Data from both CryptoQuant and Whalemap....
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On-chain data shows Bitcoin whale ratio still has a high value right now, suggesting that more downside could be coming for the crypto soon. Bitcoin Exchange Whale Ratio Has Stayed At Elevated Values Recently As pointed out by an analyst in a CryptoQuant post, the BTC exchange whale ratio has remained at high values recently. The “exchange whale ratio” is defined as the sum of the top 10 Bitcoin transactions to exchanges divided by the total inflows. In simpler terms, this indicator tells us the relative size of the whale transactions (that is, the ten largest transactions)....
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 exchange whale ratio has remained at a high value recently, a sign that could be bearish for the crypto’s price. Bitcoin Exchange Whale Ratio On Verge Of Entering “Very High Risk” Zone As explained by an analyst in a CryptoQuant post, the 72-hour MA whale ratio is near 0.90, the very high risk zone. The “exchange whale ratio” is an indicator that’s defined as the sum of top ten inflows to exchanges divided by the total inflows. In simpler terms, this metric tells us what part of the total inflows are contributed by the ten....
Whales, a class of investors/traders that hold a large amount of Bitcoin tokens, have lately stopped depositing capital into crypto exchanges. Data fetched by blockchain analysis firm CryptoQuant shows inflows into the world’s major trading platforms started plummeting at a considerable pace beginning September 16. The trend pointed to a surge in the so-called HODLING sentiment, which means wealthy traders preferred to hold Bitcoin instead of trading them for other assets. “Fortunately, whale inflows seem […]
The latest recovery rally in the price of Bitcoin has now slowed down as on-chain data shows signs of dumping from whales. Bitcoin Exchange Whale Ratio Continues To Be At High Values As pointed out by an analyst in a CryptoQuant post, BTC whales are sending their coins to exchanges at the moment. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top ten transactions to exchanges and the total Bitcoin exchange inflows. In simpler terms, this metric tells us how the whale transactions (that is, the ten biggest transfers) compare with the....