Summary
- Julio Moreno, Head of Research at CryptoQuant, reported that there has been a large-scale inflow of Bitcoin (BTC) deposits into exchanges.
- He noted that the highest volume of deposits was made to the Kraken exchange.
- He pointed out that the recent increase in BTC transfers to exchanges is raising the market’s attention to the possibility of short-term selling pressure.
On the 16th (local time), Julio Moreno, Head of Research at CryptoQuant, announced on his X (formerly Twitter) that "a large amount of Bitcoin (BTC) has once again been deposited into exchanges," adding that "the largest inflow was into Kraken."
Recently, with BTC transfers to exchanges on the rise again, there is growing interest in the possibility of increased short-term selling pressure in the market.
Meanwhile, as of 01:15 on the 17th, based on the Binance Tether (USDT) market, BTC is trading at $118,819.10, up 1.76% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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