Cryptocurrency Q&A
What is the volume of bitcoin deposits & withdrawals from whale addresses?
What is the volume of bitcoin deposits & withdrawals from whale addresses?
SakuraBlooming
Fri Jul 05 2024
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7 answers
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Could you elaborate on the current trend and specifics of the volume of Bitcoin deposits and withdrawals originating from whale addresses? Are we witnessing an increase or decrease in these transactions? Are there any patterns emerging, such as particular timeframes where these transactions are more prevalent? Understanding the dynamics of whale activity in the bitcoin market can provide valuable insights into market sentiment and potential price movements. Could you provide a brief overview of the most recent data and analysis surrounding this topic?
7 answers
mia_rose_lawyer
Sun Jul 07 2024
The metric at hand serves as an indicator of the level of Bitcoin transactions occurring between whale addresses and cryptocurrency exchanges.
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Tommaso
Sun Jul 07 2024
Prior to January 2023, the volume of Bitcoin deposits to exchanges originating from whale addresses was relatively stable.
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Moonshadow
Sun Jul 07 2024
However, commencing in January 2023, a significant surge in deposits was observed.
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Silvia
Sat Jul 06 2024
Specifically, the volume of deposits to exchanges from these addresses increased by a substantial margin of approximately 100.61%.
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KDramaLegendaryStarlightFestival
Sat Jul 06 2024
This translates into a substantial increase from 5,697.31 BTC to 11,425.87 BTC.
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