[Analysis] "Bitcoin, large inflows increase…selling pressure"

Source
Uk Jin

Summary

  • A bearish signal was detected: large inflows of Bitcoin are increasing.
  • It noted that as deposit sizes and the share of large inflows rise, supply-side pressure could increase.
  • They warned that the steady increase in large inflows could act as selling pressure, so caution is needed.
Photo=CryptoQuant capture
Photo=CryptoQuant capture

A bearish signal for Bitcoin (BTC) was detected.

On the 26th (Korean time), CryptoQuant contributor TeddyVision said in a report, "Large Bitcoin inflows are increasing," and analyzed, "Not only is the size of inflows growing, but the proportion of large inflows among total deposits is also rising." He added, "This can be interpreted as a signal that supply-side pressure may increase."

Specifically, the contributor said, "The 30-day moving average of large depositors has steadily risen since November 24 and is now approaching the previous local peak formed on October 28," and emphasized, "This pattern is often observed when large-scale investors prepare liquidity for potential selling or portfolio adjustments." He added, "A steady increase in large inflows can act as selling pressure, so caution is necessary."

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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