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Bitcoin Whale Activity Declines as Long-Term Holders Accumulate

From fxdailyreport.com

Bitcoin ($BTC) is going through a significant shift in whale activity. In this respect, the $BTC whale inflows have dipped below the $3B mark. As per the data from CryptoQuant, the slump below the respective level for the 1st time since last year’s June. Additionally, this decrease takes place at a time when the long-term Bitcoin ($BTC) holders are absorbing supply. {tweet} As the market data reveals, the $BTC whale inflows have slumped below the $3B mark. This occurs at a time when the long-term Bitcoin holders are still buying, hitting $49B. The Binance Whale to Exchange Flow data presents a steady dip over thirty ... (full story)

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  • Category: Fundamental Analysis