Whales are depositing Bitcoin to exchanges despite BTC reserves hitting lows

    Bitcoin price volatility continues as data reveals exchange activity is anything but flat this week, new data shows. Bitcoin whales move large amounts of coins to exchanges in tandem with large outflows, while top 10 deposits make up 90% of exchange inflows. According to on-chain analytics firm CryptoQuant, the exchange whale ratio indicator large shows…

    The head of CryptoQuant predicted a sharp rise in the price of bitcoin

    Ki Yang Joo pointed at the outflow of digital coins from cryptocurrency exchanges, which he believes has eased the pressure of sellers. CryptoQuant CEO Ki Yang Joo is confident that Bitcoin is ready for a new price spike. As an argument, the analyst cited a graph that indicates the outflow of bitcoin from cryptocurrency exchanges….