News Formal

Bitcoin Whales Continue to Accumulate Amid Market Distribution

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Bitcoin whales making waves

In an interesting development, significant Bitcoin whales are retreating from crypto exchanges, as evidenced by a decreased exchange-whale ratio.

This metric, derived from the total Bitcoin volume of the top 10 transactions divided by the total Bitcoin volume flowing into exchanges, has slid to around 0.3, a level unseen since March. This could mean that major Bitcoin holders are either retaining their assets or moving them to other investments or private wallets.

These contrasting dynamics in Bitcoin trading may indicate a possible shift in the cryptocurrency market. While smaller cohorts may be selling, the largest investors continue to accumulate. As always, market participants will have to navigate these choppy waters with careful analysis and risk management.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: BTC Consolidates on Saturday, Despite Recent Bullish Signals – Market Updates Bitcoin NewsBitcoin started the weekend in the red, as markets continued to digest the latest nonfarm payrolls in the United States.
Source: BTCTN - 🏆 531. / 51 Read more »