Bitcoin Faces Additional Downward Pressure as Traders Increase Exchange Deposits: CryptoQuant
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The ongoing bitcoin correction may get worse in the coming weeks due to a current trend among traders and large investors. Analysts at the crypto research firm CryptoQuant have discovered that BTC traders are sending large amounts of their holdings to exchanges.
Historically, large exchange deposits have preceded major sell-offs, while withdrawals from trading platforms signal that investors are moving their assets to self-custody. In this situation of increasing BTC deposits, traders intend to continue selling the digital asset amid the ongoing downturn.
In This News
Coins
$ 90.96K
-0.49%
$ 3.00K
-1.01%
$ 0.00672
$ 3.01K
-0.84%Share:
In This News
Coins
$ 90.96K
-0.49%$ 3.00K
-1.01%$ 0.00672
$ 3.01K
-0.84%Share:
Read More
Bitcoin price back above $92K, KAS, SPX, WLFI lead altcoins with strong gains
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Bitcoin Faces Additional Downward Pressure as Traders Increase Exchange Deposits: CryptoQuant
Share:
The ongoing bitcoin correction may get worse in the coming weeks due to a current trend among traders and large investors. Analysts at the crypto research firm CryptoQuant have discovered that BTC traders are sending large amounts of their holdings to exchanges.
Historically, large exchange deposits have preceded major sell-offs, while withdrawals from trading platforms signal that investors are moving their assets to self-custody. In this situation of increasing BTC deposits, traders intend to continue selling the digital asset amid the ongoing downturn.
In This News
Coins
$ 90.96K
-0.49%$ 3.00K
-1.01%$ 0.00672
$ 3.01K
-0.84%Share:
In This News
Coins
$ 90.96K
-0.49%$ 3.00K
-1.01%$ 0.00672
$ 3.01K
-0.84%Share:
Read More
Bitcoin price back above $92K, KAS, SPX, WLFI lead altcoins with strong gains