Exciting Data Shows Bitcoin (BTC) Whale Investments
An on-chain indicator chart from analytics firm CryptoQuant, large transactions have accounted for more than 90% of deposits traded on the exchange lately.
The top 10 deposits account for 90% of the exchange reserves
As a result of the notable behavior about whales, whales have become more active potential sellers on the exchanges in the past week.
The ratio of prey to whale, a watch that measures the size of the ten major exchanges for all events, is a wake-up call.
“Whales are putting BTC on the exchanges,” CryptoQuant CEO Ki Yong Joo summed up.
The ratio of BTC to USD (72-hour moving average) on the exchange whale is 91%. This means that the top 10 deposits account for 91% of the deposit volume on all exchanges within an hour. ”
BTC/USD with annotated chart of whale harvest conditions. Source: Ki Young Joo / Twitter
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Major portfolios were bought during the last downturn, and Bitfinex’s whale prices jumped from $50,000 to nearly $54,000 on Tuesday, Cointelegraph reports.
bitcoin reserve chart
Bitcoin Price Rise Continues (And It Continues)
Bitcoin displayed choppy tops on Tuesday, watching that was linked to surprisingly high trading volumes on exchanges.
On the subject: The cryptocurrency’s market cap is down 6.7%, but the data for the decades is showing good.
This phenomenon has occurred several times in the past week, and these symptoms have been present at high levels.
BTC/USD 30-minute light chart (bit print). Source: TradingView
A big change in makes it far from the alternative to return $60,000 USD.