CryptoQuant says bitcoin whale deposit activity grows amid ongoing bear phase

• CryptoQuant said the exchange whale ratio has risen to 0.64, the highest level since 2015, suggesting whales are leading selling activity.

Article Summaries:

• CryptoQuant reports that the exchange whale ratio for Bitcoin has climbed to 0.64, the highest level observed since 2015. This metric, which compares large‑wallet deposits to overall exchange volume, indicates that institutional‑style investors are increasingly driving selling activity. The rise comes amid a prolonged bear market, suggesting that whale‑led outflows may be contributing to continued downward pressure on the price. Analysts note the data underscores heightened selling interest from major holders during the current market downturn.

Sources:

• https://www.theblock.co/post/390712/cryptoquant-bitcoin-whale-deposit-ongoing-bear-phase?utm_source=rss&utm_medium=rss