Bitcoin “Exchange Whale Ratio” Is Rising: Why This Could Be Alarming

Quick Summary:

On-chain data shows the Bitcoin Exchange Whale Ratio has been on the up recently, a sign that could prove to be bearish for the asset’s price.

When the value of this metric is high, it means the top 10 exchange inflows are making up for a significant part of the market deposits.

It now remains to be seen how long the demand will be able to absorb this increasing selling pressure from the whales and if the price would succumb in a similar fashion as in the past when buying does dry up.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Bitcoin Bearish Bitcoin exchange inflows Btc Bitcoin Exchange Whale Ratio Bitcoin Bitcoin Whale Exchange Inflows Bitcoin News Btcusd Bitcoin whales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-17 @ 18:30:59 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21287962

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About Bitcoinist

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Official Website: bitcoinist.com

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