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Not A Stock: El Salvador Defends Bitcoin Purchases Amid Market Slump
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Home BlockchainBitcoin Sell Pressure Is Easing, But Whales Keep Dumping on Exchanges: CryptoQuant
Blockchain

Bitcoin Sell Pressure Is Easing, But Whales Keep Dumping on Exchanges: CryptoQuant

by Decrypt
written by Decrypt 0 comments
Bitcoin Sell Pressure Is Easing, But Whales Keep Dumping on Exchanges: CryptoQuant

In brief

  • Bitcoin deposits on exchanges have dropped from their daily peak of around 60,000 BTC on February 6.
  • Yet while sell pressure is easing, the biggest overall depositors are the largest holders, or whales.
  • The price of Bitcoin is down 46% since peaking above $126,000 last October.

A major influx of Bitcoin deposits to centralized exchanges has slowed, reducing sell pressure on crypto’s top asset by market cap. But the largest investors, or whales, have kept their foot on the gas, according to…

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