Bitcoin whales are not interested in massive BTC sales
Network metrics indicate that the influx of Bitcoin coins to large centralized crypto platforms remains low. This situation indicates the reluctance of large investors to initiate massive sales. Experts from CryptoQuant came to this conclusion.
In their analysis, the experts referred to the “Exchange Inflow” indicators. It tracks the total number of BTC coins that investors transfer to centralized exchanges. If the metric is at high values, this indicates that users are massively transferring assets to sites. On the contrary, low values indicate that investors prefer to keep coins in cold storage.
Representatives of CryptoQuant evaluated the metric within Binance and OKX. Of course, these services do not cover the market completely. But they remain one of the largest, so the overall balance of power can be assessed. At the moment, the “Inflow of exchange” remains low, therefore there are no prerequisites for a serious drawdown of Bitcoin, CryptoQuant emphasized.
