More Bitcoins to Exit Market; Whale Manipulation in Play?

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$BTC held on exchanges drops to a four-year low of 8.7% in October according to data by santimentfeed Bitcoin exchange

The trend in the supply of the two leading crypto tokens ties in with increased whale activity in their markets. As previously

by Santiment, whale wallets holding between 100 and 10,000 BTC cumulatively added 46,173 BTC in a one-week period ending October 5. The trend was noted as a rarity for the market in 2022. Similarly, an analyst on the CryptoQuant platformHowever, the argument stands debatable as despite the exchange exodus the prices of BTC and ETH have continued to swing. BTC is trading at around $19,000, down 6.2% in the last week. Similarly, ETH is trading at about $1280, down 5.

 

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