{"id":472637,"date":"2021-09-28T19:00:58","date_gmt":"2021-09-28T19:00:58","guid":{"rendered":"https:\/\/wncen.com\/?p=472637"},"modified":"2024-06-11T13:59:01","modified_gmt":"2024-06-11T13:59:01","slug":"bitcoin-bearish-signal-whales-selling","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bearish-signal-whales-selling\/","title":{"rendered":"Bitcoin Bearish Signal: On-Chain Data Shows Whales Have Started Selling"},"content":{"rendered":"<p>On-chain data shows whale ratio has exceeded the 0.50 mark, historically a sign that whales are dumping in the short term.<\/p>\n<h2>Bitcoin Whales Have Started Selling Their Coins<\/h2>\n<p>As pointed out by a CryptoQuant <a href=\"https:\/\/cryptoquant.com\/quicktake\/6152d227b2325b363309b063-Whale-ratio-goes-high-up-again-Be-careful-when-it-goes-above-050\" rel=\"nofollow\">post<\/a>, the Bitcoin whale ratio has started going up above the 0.50 level. This signal has usually meant a bearish outlook for the crypto in the short term.<\/p>\n<p>The BTC all exchanges <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-whale-soars-crash-coming\/\">whale ratio<\/a> is an indicator that gives an estimation of how many whales are sending their coins to exchanges.<\/p>\n<p>The metric does so by taking the sum of the top 10 transactions to each exchange and dividing it with the total inflow on all exchanges.<\/p>\n<blockquote><p><span class=\"base\"><span class=\"mord text\"><span class=\"mord\">Exchange\u00a0Whale\u00a0Ratio<\/span><\/span><span class=\"mrel\">= <\/span><\/span><span class=\"base\"><span class=\"mord\"><span class=\"mfrac\"><span class=\"vlist-t vlist-t2\"><span class=\"vlist-r\"><span class=\"vlist\"><span class=\"mord text\">Sum of Top 10 Exchange Inflow TXs (BTC) \u00f7 Total\u00a0Exchange\u00a0Inflows\u00a0in\u00a0BTC<\/span><\/span><span class=\"vlist-s\">\u200b<\/span><\/span><\/span><\/span><\/span><\/span><\/p><\/blockquote>\n<p>The &#8220;inflow&#8221; is another indicator, it gives the total amount of Bitcoin entering into exchange wallets from personal ones.<\/p>\n<p>When the whale ratio rises, it means the top 10 transactions to exchanges are taking up a larger part of the total BTC going into these exchanges.<\/p>\n<p>This means more whales have started sending their coins to exchanges, either for withdrawing to fiat or <a href=\"https:\/\/wncen.com\/news\/bitcoin\/stablecoins-reserve-bitcoins-big-move\/\">stablecoins<\/a>, or for purchasing altcoins.<\/p>\n<p>On the other hand, when the value moves down, it means the general small transactions make up the majority of the inflows to exchanges, and that Bitcoin whales aren&#8217;t moving their coins around at this time.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-bull-flag-psychology\/\">Could A Bitcoin Bull Flag Leave Bears Blindsided<\/a><\/strong><\/em><\/p>\n<p>Here is a chart showing the trend in the value of the indicator over the past year:<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-472643 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/chart-27.png?resize=460%2C173\" alt=\"Bitcoin Whale Ratio\" width=\"460\" height=\"173\"><\/p>\n<pre style=\"text-align: center\">The Bitcoin whale ratio has once again started climbing up | Source: <a href=\"https:\/\/cryptoquant.com\/quicktake\/6152d227b2325b363309b063-Whale-ratio-goes-high-up-again-Be-careful-when-it-goes-above-050\" rel=\"nofollow\">CryptoQuant<\/a><\/pre>\n<p>As the above graph shows, the whale ratio has soared many times in the past year, and whenever it has, a crash in the price of the coin has also followed shortly after.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/bitcoin\/big-money-dump-bitcoin-for-ethereum\/\">JPMorgan Analysts Say That Big Money Are Dumping Bitcoin For Ethereum<\/a><\/strong><\/em><\/p>\n<p>Looks like the whale ratio has once again started to move up as its value now crosses 0.50. This could indicate that BTC might move down next in the short term at least.<\/p>\n<h2>BTC Price<\/h2>\n<p>At the time of writing, <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-stuck-in-range-43k\/\">Bitcoin&#8217;s price<\/a> floats around $42k, down 3% in the last seven days. Over the last month, the crypto has lost 13% in value.<\/p>\n<p>The below chart shows the trend in the price of the coin over the last five days:<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-472644 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/chart-28.png?resize=460%2C240\" alt=\"Bitcoin Price Chart\" width=\"460\" height=\"240\"><\/p>\n<pre style=\"text-align: center\">BTC's price seems to have crashed down once again | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow\">BTCUSD on TradingView<\/a><\/pre>\n<p>After showing some recovery from the crash due to news about China&#8217;s ban, Bitcoin has once again crashed down back to $42k after going up near $44.5k.<\/p>\n<p>If the whale ratio is anything to go by, the price might continue to move further down in the short term. Maintaining above $40k is going to be crucial for any big moves forward.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On-chain data shows whale ratio has exceeded the 0.50 mark, historically a sign that whales are dumping in the short term. Bitcoin Whales Have Started Selling Their Coins As pointed out by a CryptoQuant post, the Bitcoin whale ratio has started going up above the 0.50 level. This signal has usually meant a bearish outlook for the crypto in the short term. The BTC all exchanges whale ratio is an indicator that gives an estimation of how many whales are sending their coins to exchanges. The metric does so by taking the sum of the top 10 transactions to each exchange and dividing it with the total inflow on all exchanges. Exchange\u00a0Whale\u00a0Ratio= Sum of Top 10 Exchange Inflow TXs (BTC) \u00f7 Total\u00a0Exchange\u00a0Inflows\u00a0in\u00a0BTC\u200b The &#8220;inflow&#8221; is another indicator, it gives the total amount of Bitcoin entering into exchange wallets from personal ones. When the whale ratio rises, it means the top 10 transactions to exchanges are taking up a larger part of the total BTC going into these exchanges. This means more whales have started sending their coins to exchanges, either for withdrawing to fiat or stablecoins, or for purchasing altcoins. On the other hand, when the value moves down, it means the general small transactions make up the majority of the inflows to exchanges, and that Bitcoin whales aren&#8217;t moving their coins around at this time. Related Reading |\u00a0Could A Bitcoin Bull Flag Leave Bears Blindsided Here is a chart showing the trend in the value of the indicator over the past year: The Bitcoin whale ratio has once again started climbing up | Source: CryptoQuant As the above graph shows, the whale ratio has soared many times in the past year, and whenever it has, a crash in the price of the coin has also followed shortly after. Related Reading |\u00a0JPMorgan Analysts Say That Big Money Are Dumping Bitcoin For Ethereum Looks like the whale ratio has once again started to move up as its value now crosses 0.50. This could indicate that BTC might move down next in the short term at least. BTC Price At the time of writing, Bitcoin&#8217;s price floats around $42k, down 3% in the last seven days. Over the last month, the crypto has lost 13% in value. The below chart shows the trend in the price of the coin over the last five days: BTC&#8217;s price seems to have crashed down once again | Source: BTCUSD on TradingView After showing some recovery from the crash due to news about China&#8217;s ban, Bitcoin has once again crashed down back to $42k after going up near $44.5k. If the whale ratio is anything to go by, the price might continue to move further down in the short term. Maintaining above $40k is going to be crucial for any big moves forward.<\/p>\n","protected":false},"author":542,"featured_media":472645,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,15232,1119,1144],"class_list":["post-472637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-whale","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Bearish Signal: On-Chain Data Shows Whales Have Started Selling<\/title>\n<meta name=\"description\" content=\"On-chain data shows whale ratio has exceeded the 0.50 mark, historically a sign that whales are dumping in the short term. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Bearish Signal: On-Chain Data Shows Whales Have Started Selling","url":"http:\/\/wncen.com\/news\/bitcoin-bearish-signal-whales-selling\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-bearish-signal-whales-selling\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/hans-jurgen-mager-KgRKlQXmHR0-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/hans-jurgen-mager-KgRKlQXmHR0-unsplash-scaled.jpg?fit=2560%2C1707"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin whale","btc","btcusd"],"dateCreated":"2021-09-28T19:00:58Z","datePublished":"2021-09-28T19:00:58Z","dateModified":"2024-06-11T13:59:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bearish Signal: On-Chain Data Shows Whales Have Started Selling\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bearish-signal-whales-selling\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bearish-signal-whales-selling\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/hans-jurgen-mager-KgRKlQXmHR0-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/hans-jurgen-mager-KgRKlQXmHR0-unsplash-scaled.jpg?fit=2560%2C1707\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin whale\",\"btc\",\"btcusd\"],\"dateCreated\":\"2021-09-28T19:00:58Z\",\"datePublished\":\"2021-09-28T19:00:58Z\",\"dateModified\":\"2024-06-11T13:59:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/hans-jurgen-mager-KgRKlQXmHR0-unsplash-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/472637"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=472637"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/472637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/472645"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=472637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=472637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=472637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}