More Bitcoins to Exit Market; Whale Manipulation in Play?

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

$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.

 

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

South Africa South Africa Latest News, South Africa South Africa Headlines