Important Information on Bitcoin’s Historic Whale Exodus
Bitcoin whales are leaving exchanges at a historic rate, according to Glassnode researcher @CryptoVizArt. The Analysis reveals that Binance whales were responsible for 34% of the sell pressure in the past month. Additionally, the total balance of whale entities on exchanges declined by a record-breaking 148,000 BTC per month. However, as the Market rallied above $31,000, whale funds flowing into exchanges surged. Binance was the primary destination for whale inflows, accounting for 82% of whale-to-exchange flows, while Coinbase accounted for 6.8%. This fascinating dynamic among whales is known as “Whale Reshuffling.”
parofix.com
Bitcoin whales are leaving exchanges at a historic rate, according to Glassnode researcher @CryptoVizArt. The Analysis reveals that Binance whales were responsible for 34% of the sell pressure in the past month. Additionally, the total balance of whale entities on exchanges declined by a record-breaking 148,000 BTC per month. However, as the Market rallied above $31,000, whale funds flowing into exchanges surged. Binance was the primary destination for whale inflows, accounting for 82% of whale-to-exchange flows, while Coinbase accounted for 6.8%. This fascinating dynamic among whales is known as “Whale Reshuffling.”
parofix.com
