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26 October 2020

Bitcoin price dump ‘not going to happen’ as whales stay off exchanges

Bitcoin price dump ‘not going to happen’ as whales stay off exchanges


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Bitcoin price dump ‘not going to happen’ as whales stay off exchanges.

12, Ki Young Ju, CEO of CryptoQuant, noted that average inflows to exchanges were staying low despite BTC price gains.

Mean exchange inflow measures how much Bitcoin is entering exchanges, with the implication that it could be used for selling or trading activities.

CryptoQuant has also previously highlighted flows from miners contributing to Bitcoin price action.

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cointelegraph.com

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