Der Bitcoin-Verkaufsdruck lässt nach, aber die Wale verkaufen weiterhin an den Börsen: CryptoQuant

tldr; Bitcoin sell pressure has eased as deposits to centralized exchanges have decreased, dropping from 60,000 BTC to 23,000 BTC on average. However, large investors, or whales, continue to sell, with 64% of exchange inflows attributed to the top 10 depositors. This trend suggests a shift in market dynamics, with long-term holders transferring Bitcoin to new owners. Despite a recent price drop to $67,582, CryptoQuant predicts a potential bear market bottom around $55,000, with limited stablecoin reserves available to drive a price rally.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Whales keep dumping, whales keep buying, wtf which is it?

Yeah we can tell they are still selling, since the price isn’t really moving up. Would be nice for them to slow it way down, so the market can have a breather.