menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Bitcoin Wh...
source image

Coindoo

2w

read

203

img
dot

Image Credit: Coindoo

Bitcoin Whales Are HODLing: A Sign of Market Confidence?

  • Whales holding onto their Bitcoin holdings, suggesting minimal selling pressure and market confidence.
  • Analysis by Darkfost, shared by CryptoQuant, indicates low whale activity on exchanges, with current inflows around $300 million, significantly below previous market peak levels.
  • Whales historically move Bitcoin to exchanges before selling, but the current low inflows indicate they are not rushing to sell, possibly waiting for further price increases in a price discovery phase beyond $100K.
  • Current behavior suggests whales are HODLing and waiting for more upside potential, signaling neutral to bullish sentiment and confidence in the market.

Read Full Article

like

12 Likes

For uninterrupted reading, download the app