Exchanges just saw the largest outflow of Bitcoin ever...
Bitcoin price is weak, but whales are snatching up supply off Exchanges
The price hasn't been fun for a while now, but there are some good things happening under the hood.
The number of bitcoin leaving Exchanges has never higher than it was this past week...
Check it out:
(Source: https://twitter.com/rovercrc/status/1541371007805452288/photo/1)
Historically this has marked the bottom in many downturns...
We will see if history repeats...
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Upvoted! Thank you for supporting witness @jswit.
Good news! Thanks for sharing!
@jondoe Sometimes a whale makes a massive order to sell a large portion of its crypto tokens. They keep the price lower than other sell orders
Sure, but coins leaving exchanges is bullish not bearish. People transfer coins to Exchanges to sell and they transfer them off Exchanges to...