Whale Inflows Into Bitcoin Exchanges Slow Down; Is a Recovery Ahead?
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 […]
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