Bitcoin Big-Money On The Move: Exchange Whale Ratio Spikes To 0.6

Bitcoin's Exchange Whale Ratio has spiked to 0.6, indicating that large deposit transactions now comprise 60% of exchange inflows, suggesting potential selling pressure from major holders. This sharp increase occurred during Bitcoin's drop to $60,000 in early February and has remained elevated despite price stabilization.

• →Bitcoin Exchange Whale Ratio's 30-day SMA reached 0.6, meaning the top 10 exchange deposits account for 60% of total inflows.
• →The ratio increase suggests potential distribution activity from large Bitcoin holders as exchanges are primarily used for selling.
• →The spike occurred during Bitcoin's drop to $60,000 in February but hasn't subsided despite price recovery.
• →Bitcoin Inter-exchange Flow Pulse has flipped above its 90-day SMA, indicating potential return of derivatives activity.
• →Bitcoin is currently trading around $68,400, up over 4% in the past week despite whale selling pressure.