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Whales Bought 86,702 Bitcoin in Three Weeks and 24,073 Left Exchanges in a Day. Why Hasn’t the Price Followed?

Source: 247wallst.com

Crypto & Digital AssetsInvestor Sentiment & PositioningMarket Technicals & Flows
Whales Bought 86,702 Bitcoin in Three Weeks and 24,073 Left Exchanges in a Day. Why Hasn’t the Price Followed?

Bitcoin whales reportedly accumulated billions of dollars’ worth of coins while thousands more coins left exchanges at the fastest pace in months, yet Bitcoin’s price continued to slide. The article points to a disconnect between these on-chain signals and price action, without specifying amounts, time periods, or a cause.

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