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Bitcoin whale deposits rise as exchange inflows flash bearish warning — CryptoQuant
Bitcoin (BTC) is facing renewed downside risks after exchange inflows surged to levels rarely seen this year, signaling the market could be entering another period of heightened volatility, according to a report by CryptoQuant on Thursday. The report noted that the $60,000 level remains a decisive support zone despite Bitcoin establishing a fresh bear market low below $58,000 earlier in the week. A sustained decline below the support could trigger a move toward Bitcoin's realized price at $53,000. CryptoQuant analysts highlighted that Bitcoin exchange inflows surged to 49,000 BTC on June 30, an unusually high level ... (full story)
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- Jul 2, 9:44pm | 6 hr ago Posted byFundamental Analysis70
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