Bitcoin whale movement fuels price decline - BitcoinEthereumNews.com
Bitcoinबिटकॉइन व्हेल आंदोलन ईंधन की कीमतों में गिरावट04 / 14 / 2022बिटकॉइन एथेरियम समाचार टीएल; डीआर ब्रेकडाउन Bitcoin whale movement within exchanges at a seven-year low Whales have predominantly been performing their trades via OTC desks This has been contributing to Bitcoins price continuing to linger below ATH. Bitcoin whale movement in the market has long been noted to be one of the driving forces of price. At the moment, it seems their choice of where to carry out their gigantic trades is one of the factors keeping the price of Bitcoin suppressed. Bitcoin whale movement contributing to delayed price recovery BinhDang, a verified analyst on the on-chain data platform CryptoQuant, तर्क दिया this using the 90DMA fund flow ratio and Spent Output Value Bands percentage (SOVB %) metrics. The analyst noted that fund flow ratio, which is the rate of Bitcoin transfers involving exchanges to the network-wide transfer recorded on-chain, is at its lowest since 2015. A high value for this metric indicates that a massive Bitcoin whale movement is happening on exchanges. In contrast, the SOVB (%) metric which can be used to pinpoint transactions happening on over-the-counter (OTC) Bitcoin trading desks has been indicating elevated activity since 2020. This shows that the Bitcoin whale movement has