Bitcoin whales in deep distribution mode as 15k BTC return to exchanges

2023-8-2 19:00

Quick Take

Over the past six days, a substantial sell-off in the Bitcoin market has been observed, attributed predominantly to Bitcoin whales.

The red color on the below chart denotes transactions over $10M, indicating that these major holders are progressively liquidating their positions.

Netflow: (Source: Glassnode)

The influx of nearly 15,000 BTC back onto exchanges supports this observation. Furthermore, the accumulation trend score by cohort below confirms this trend, as Bitcoin whales appear to be in a deep distribution mode.

Accumulation by cohort: (Source: Glassnode)

The post Bitcoin whales in deep distribution mode as 15k BTC return to exchanges appeared first on CryptoSlate.

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bitcoin whales transactions 10m denotes red below

Источник: cryptoslate.com

bitcoin whales → Результатов: 126


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