Source: CryptoQuantCrypto Dan added that retail investors had undergone a shakeout thanks to the recent unpredictable BTC price action.“Recently, most people had shifted their view to a bearish cycle, and public interest had significantly decreased,” he wrote. “Furthermore, with Bitcoin and altcoins in an oversold condition, the market has effectively shaken off the retail investors (the ‘small fish’), which means the market is now ready for a rise.”Mystery whale “relinquished control” of Binance order bookBinance order book data appears to corroborate the theory.
A positive premium indicates US buyer interest, with current values showing “alternate” demand between Coinbase and Binance.“These two exchanges, which can be considered the largest in the world, have their whales alternately pushing the market up, creating a very positive situation, CryptoQuant contributor Crypto Dan summarized in one of its “Quicktake” blog posts.Coinbase premium index.
New data from onchain analytics platform CryptoQuant reports both Binance and Coinbase whales “pushing the market up.”Coinbase BTC premium hits highest since FebruaryBitcoin whales are wasting no time adding BTC exposure as BTC/USD hits its highest levels in over six weeks.
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Author / Journalist: Cointelegraph by William Suberg
The story "Bitcoin exchange buying is back as 'Spoofy the Whale' lifts $90K asks" has 385 words across 15 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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