BTC Exchange Inflows Don Jump Reach 7,000 as Whales Dey Fuel Sell-Off
Bitcoin exchange inflows don sharply jump reach around 7,000 BTC per day. Dis surge na caused by big whale deposits and liquidation from short-term holders. For August 1, short-term holders sell over 40,000 BTC for loss, na highest daily volume since mid-July. Net exchange inflows enter 16,417 BTC as CryptoQuant’s Exchange Whale Ratio climb pass 0.70, wey dey signal say selling pressure don increase.
Meanwhile, major US spot Bitcoin ETFs record $812 million outflows—one of the biggest drawdowns till now. Big order-book activity also show say one serious trader dey find liquidity to waka comot big positions before the week. Bitcoin price drop below $112,000 but later try to reclaim the $114,000 level.
Traders suppose dey track Bitcoin exchange inflows and whale movement well-well. Continued selling pressure from whales and short-term holders fit trigger deep price correction. But if dem fit reclaim key resistance levels, e fit bring back bullish momentum. BTC market volatility go increase soon.
Bearish
Di increase wey dey happen for Bitcoin exchange inflows reach 7,000 BTC every day, plus Exchange Whale Ratio wey high pass 0.70, dey show say big holders dey hurriedly dey sell. Plus, short-term holders wey dey loss liquidate over 40,000 BTC and $812 million spot ETF outflows dey reinforce the down movement. These tins mean say price of BTC fit dey volatile well well now, and e fit cause deeper correction soon. Even though if e bounce back pass main resistance levels, e fit bring back better sentiment, the way deposits dey go still show say bearish pressure go continue for Bitcoin.