Bitcoin Bearish Signal: On-Chain Data Shows Whales Have Started Selling

Bitcoin Bearish Signal: On-Chain Data Shows Whales Have Started Selling

On-chain data shows whale ratio has exceeded the 0.50 mark, historically a sign that whales are dumping in the short term.

Bitcoin Whales Have Started Selling Their Coins

As pointed out by a CryptoQuant post, the Bitcoin whale ratio has started going up above the 0.50 level. This signal has usually meant a bearish outlook for the crypto in the short term.

The BTC all exchanges whale ratio is an indicator that gives an estimation of how many whales are sending their coins to exchanges.

The metric does so by taking the sum of the top 10 transactions to each exchange and dividing it with the…

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