Bitcoin Whale Eager to Sell! Large influx via exchanges

In the shadow of the Omicron variant, the Bitcoin market has evolved a lot in recent days. He fell to the $ 42,000 recovery trial within the week. It goes back to around $ 50,000, but the data suggests that big Bitcoin investors might not want to sell. decrease but increase.

Blockchain data analytics firm CryptoQuant announced the QuickTake business intelligence update a few days ago, warning exchanges that the market is growing. This means that a large influx of Bitcoin into the cryptocurrency exchange has increased, which could indicate a high and a low trading market.

Judging by the whale exchange rate, the above Bitcoin Whale quote has no short-term price risk. The ratio already crossed 0.95 before the price of Bitcoin fell to $ 41,900 last Saturday and returned to the same level as on Monday.

The whale ratio represents the size of each cryptocurrency exchange as the largest entry and exit from the market as a percentage of total exchange income and production. CryptoQuant says whales are still investing bitcoins on cryptocurrency exchanges, so the whales exchange rate is over 95%, but the Taker Buy SellRatio is still not good, considering the downsides going forward. . .

Although open futures in the futures market have fallen for weeks, according to a report from "Cointelegraph", the industry is still wondering if this is enough to withstand further lock-in in the value of Bitcoin. Cointelegraph writer and analyst Michaël van de Popp, who was in the market that day, said: Like three weeks ago, most people expect another increase for December.

Additionally, after a short period of Bitcoin exchange, it turned into a long-term decline and futures began to cool as demand fell to -22%. . However, large markets continue to emerge on the exchange, indicating to major investors that the value of Bitcoin will continue to decline immediately.