On-chain data shows the Bitcoin exchange whale ratio has surged recently. Here’s what it may mean for the price of the cryptocurrency.
Bitcoin Exchange Whale Ratio (72-Hour MA) Breaks Above 85%
As pointed out by an analyst in a CryptoQuant post, the BTC whale ratio is rising right now. The “exchange whale ratio” here is an indicator that measures the ratio between the sum of the top 10 Bitcoin transfers to exchanges and the total exchange inflows.
Here, the 10 largest transactions…
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