Bitcoin Whale Selling | As BTC Dips Under $20k : Data from the chain shows that Bitcoin whales continue to pressure the market as the price of the crypto now dips below $20k.
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Bitcoin Exchange Whale Ratio Has Risen To High Values
As noted by a post from CryptoQuantstock market influx following the US CPI release caused the price to crash 10% in just a few hours.
the “swap whale ratio” is an indicator that measures the ratio of the sum of the top 10 Bitcoin transactions to exchanges, to the total inflow of exchanges.
Since the top ten transfers to exchanges usually come from the whalesthe value of this statistic tells us how much of the total influx comes from these giant keepers.
When the value of the ratio is high, it means that whales make up for a large part of the total transactions to exchanges. Such a trend could be a sign of dumping of this cohort.
Here is a chart showing the trend in the Bitcoin exchange whale ratio (EMA 7) over the year 2022 so far:
Bitcoin Whale Selling
As you can see in the chart above, the 7-day exponential moving average of the Bitcoin-whale ratio has recently increased. This shows that much of the recent activity on exchanges has come from these holders.
Another indicator, the Spent Output Value Bands, tells us what the individual contributions are to the inflow of the different holder groups in the market. Investors are placed in these cohorts based on the amount of BTC they have in their wallets. The chart below shows the trend in this statistic, specifically for the 1k to 10k BTC and 10k+ BTC holder groups.
Looks like the two cohorts have been active in recent days | Source: CryptoQuant
As the chart shows, both the whales with between 1k and 10k BTC and those with 10k or more BTC have been actively contributing to the exchanges recently. A few big spikes of them came just before the recent decline in Bitcoin price, pushing its value down to $20k. The figure in the post notes that the later current values of the swap whale ratio may be important in assessing how severe the moving average will be.
BTC price
At the moment of writing, The price of Bitcoin hovers around $19.7k, down 6% over the past week.
The value of the crypto has dipped below $20k now | Source: BTCUSD on TradingView
Data from the chain shows that Bitcoin whales continue to pressure the market as the price of the crypto now dips below $20k.
Bitcoin Exchange Whale Ratio Has Risen To High Values
As noted by a post from CryptoQuantstock market influx following the US CPI release caused the price to crash 10% in just a few hours. the “swap whale ratio” is an indicator that measures the ratio of the sum of the top 10 Bitcoin transactions to exchanges, to the total inflow of exchanges. Since the top ten transfers to exchanges usually come from the whalesthe value of this statistic tells us how much of the total influx comes from these giant keepers. When the value of the ratio is high, it means that whales make up for a large part of the total transactions to exchanges. Such a trend could be a sign of dumping of this cohort.
Here is a chart showing the trend in the Bitcoin exchange whale ratio (EMA 7) over the year 2022 so far:
The value of the metric seems to have been quite high in recent days | Source: CryptoQuant
As you can see in the chart above, the 7-day exponential moving average of the Bitcoin-whale ratio has recently increased. This shows that much of the recent activity on exchanges has come from these holders.Another indicator, the Spent Output Value Bands, tells us what the individual contributions are to the inflow of the different holder groups in the market. Investors are placed in these cohorts based on the amount of BTC they have in their wallets.The chart below shows the trend in this statistic, specifically for the 1k to 10k BTC and 10k+ BTC holder groups.
Looks like the two cohorts have been active in recent days | Source: CryptoQuant
As the chart shows, both the whales with between 1k and 10k BTC and those with 10k or more BTC have been actively contributing to the exchanges recently.A few big spikes of them came just before the recent decline in Bitcoin price, pushing its value down to $20k.
The figure in the post notes that the later current values of the swap whale ratio may be important in assessing how severe the moving average will be.
BTC price
At the moment of writing, The price of Bitcoin hovers around $19.7k, down 6% over the past week.
The value of the crypto has dipped below $20k now | Source: BTCUSD on TradingView
Featured image from Andrew Bain on Unsplash.com, charts from TradingView.com, CryptoQuant.com
