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CryptoBearish
7/10

Bitcoin Whale Exchange Deposits Hit Highest Level Since 2015

Published 8 days ago
1 min read

Key Facts

  • •The exchange whale ratio has risen to 0.64, the highest level since 2015.
  • •Data suggests that whales are leading selling activity during the ongoing bear phase.

The cryptocurrency market is witnessing a significant surge in large-scale investor activity as the exchange whale ratio climbed to 0.64. According to data from analytics provider CryptoQuant, this represents the highest level of whale deposit activity recorded since 2015. The trend indicates that major Bitcoin holders are increasingly moving their assets to exchanges, likely signaling an intent to liquidate positions. Market analysts suggest that these "whales" are currently leading the selling activity during the ongoing bearish phase of the market. Historically, such high whale-to-exchange flow ratios have been closely correlated with increased selling pressure and subsequent price corrections. Investors are closely monitoring these flows as they may indicate a strategic move by large holders to hedge against further potential declines in BTC/USD.

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Instruments

BTC/USDBTC/USDTETH/USD
Sources:theblock.co