#BTC Whale Exchange Deposit Drop, Signal of Reduced Selling Pressure



According to the latest on-chain data, the amount of Bitcoin deposited by whales since the beginning of this year has been approximately 15,800 BTC. To put this into perspective, this is nearly half of the about 37,133 BTC recorded in December. In other words, the whale deposits in early January are only about 42.5% of the total in December last year.

What does this imply? The decrease in whale deposits is interpreted as a sign that selling pressure within exchanges is easing. This means less supply entering the market. When observing Bitcoin price movements, such on-chain indicators can provide surprisingly important clues.
BTC-0.2%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
FloorSweepervip
· 2h ago
Whale deposits have dropped significantly... Is this a real sign of bottoming out or just whales taking a breather? I'm wondering.
View OriginalReply0
BlockTalkvip
· 2h ago
Whales' deposits have decreased significantly... Does this mean they've bought the bottom? Or are they just holding off?
View OriginalReply0
LiquidationWizardvip
· 3h ago
Whales are reducing their deposits? That's a good sign... But does this really mean the bottom is in, or are they just holding without doing anything?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)