{"id":511448,"date":"2022-12-07T16:00:57","date_gmt":"2022-12-07T21:00:57","guid":{"rendered":"https:\/\/wncen.com\/?p=511448"},"modified":"2024-06-11T14:31:53","modified_gmt":"2024-06-11T14:31:53","slug":"bitcoin-bullish-signal-whale-ratio-sharply-declines","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bullish-signal-whale-ratio-sharply-declines\/","title":{"rendered":"Bitcoin Bullish Signal: Exchange Whale Ratio Sharply Declines"},"content":{"rendered":"

On-chain data shows the Bitcoin exchange whale ratio has sharply declined recently, a sign that may prove to be bullish for the price of the crypto.<\/p>\n

Bitcoin 7-Day MA Exchange Whale Ratio Has Rapidly Gone Down Recently<\/h2>\n

As pointed out by an analyst in a CryptoQuant post<\/a>, the metric also saw a similar decline during the end of 2018.<\/p>\n

The “exchange whale ratio<\/a>” is an indicator that measures the ratio between the sum of the top ten transactions going to exchanges, and the total exchange inflows.<\/p>\n

The ten largest transfers to exchanges are assumed to be coming from the whales<\/a>. So, this ratio tells us what part of the total exchange inflows is being contributed by these humongous holders right now.<\/p>\n

When the value of this metric is high, it means the majority of the inflows are made up by whales currently. Since one of the main reasons investors deposit to exchanges is for selling purposes, such values could be a sign that whales are dumping large amounts, and might hence be bearish for the price of the crypto.<\/p>\n

Related Reading: Glassnode: Bitcoin Holders Realized 14x More Losses Than Profits Recently<\/a><\/div>\n

On the other hand, the indicator having low values suggests whales are making a healthier contribution to the inflows, and could thus be either neutral or bullish for the value of BTC.<\/p>\n

Now, here is a chart that shows the trend in the 7-day moving average Bitcoin exchange whale ratio over the last few years:<\/p>\n

\"Bitcoin<\/p>\n

Looks like the 70-day MA value of the metric has been sharply falling off in recent weeks | Source: CryptoQuant<\/a><\/pre>\n
As you can see in the above graph, the Bitcoin exchange whale ratio had a pretty high value just a few months back.<\/p>\n
However, since then, the indicator has been observing some rapid downtrend, and the ratio has now attained quite tame values.<\/p>\n
Related Reading:  Bitcoin Investor Cohorts Now Have Close Cost-Basis, What Does It Say About Market?<\/a><\/div>\n
This means that whales have been reducing their inflow volumes recently, suggesting that selling pressure from them may be getting exhausted.<\/p>\n
The quant has also highlighted the trend in the exchange whale ratio during the previous Bitcoin cycle in the chart. It seems like a similar downtrend as now was also seen back in late 2018, when the bottom of that bear market formed.<\/p>\n
The analyst notes that while it’s impossible to say if the current sharp decline in the whale ratio means the bottom is in for this cycle as well, it’s likely that at least the volatility will now begin to cool down.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin’s price<\/a> floats around $16.8k, down 1% in the last week.<\/p>\n
Featured image from Thomas Lipke on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
On-chain data shows the Bitcoin exchange whale ratio has sharply declined recently, a sign that may prove to be bullish for the price of the crypto. Bitcoin 7-Day MA Exchange Whale Ratio Has Rapidly Gone Down Recently As pointed out by an analyst in a CryptoQuant post, the metric also saw a similar decline during the end of 2018. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top ten transactions going to exchanges, and the total exchange inflows. The ten largest transfers to exchanges are assumed to be coming from the whales. So, this ratio tells us what part of the total exchange inflows is being contributed by these humongous holders right now. When the value of this metric is high, it means the majority of the inflows are made up by whales currently. Since one of the main reasons investors deposit to exchanges is for selling purposes, such values could be a sign that whales are dumping large amounts, and might hence be bearish for the price of the crypto. Related Reading: Glassnode: Bitcoin Holders Realized 14x More Losses Than Profits Recently On the other hand, the indicator having low values suggests whales are making a healthier contribution to the inflows, and could thus be either neutral or bullish for the value of BTC. Now, here is a chart that shows the trend in the 7-day moving average Bitcoin exchange whale ratio over the last few years: Looks like the 70-day MA value of the metric has been sharply falling off in recent weeks | Source: CryptoQuant As you can see in the above graph, the Bitcoin exchange whale ratio had a pretty high value just a few months back. However, since then, the indicator has been observing some rapid downtrend, and the ratio has now attained quite tame values. Related Reading: Bitcoin Investor Cohorts Now Have Close Cost-Basis, What Does It Say About Market? This means that whales have been reducing their inflow volumes recently, suggesting that selling pressure from them may be getting exhausted. The quant has also highlighted the trend in the exchange whale ratio during the previous Bitcoin cycle in the chart. It seems like a similar downtrend as now was also seen back in late 2018, when the bottom of that bear market formed. The analyst notes that while it’s impossible to say if the current sharp decline in the whale ratio means the bottom is in for this cycle as well, it’s likely that at least the volatility will now begin to cool down. BTC Price At the time of writing, Bitcoin’s price floats around $16.8k, down 1% in the last week. Featured image from Thomas Lipke on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":511453,"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":[428,85693,86040,85445,19064,1119,1144],"class_list":["post-511448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-bullish-signal","tag-bitcoin-exchange-whale-ratio","tag-bitcoin-whale-ratio","tag-bitcoin-whales","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nBitcoin Bullish Signal: Exchange Whale Ratio Sharply Declines<\/title>\n<meta name=\"description\" content=\"On-chain data shows the Bitcoin exchange whale ratio has sharply declined recently, a sign that may prove to be bullish for the price of the crypto.\" \/>\n<meta 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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 Bullish Signal: Exchange Whale Ratio Sharply Declines","url":"http:\/\/wncen.com\/news\/bitcoin-bullish-signal-whale-ratio-sharply-declines\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-bullish-signal-whale-ratio-sharply-declines\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/thomas-lipke-kkXDhAUnxYI-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/thomas-lipke-kkXDhAUnxYI-unsplash-scaled.jpg?fit=2560%2C1576"},"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 bullish signal","bitcoin exchange whale ratio","bitcoin whale ratio","bitcoin whales","btc","btcusd"],"dateCreated":"2022-12-07T21:00:57Z","datePublished":"2022-12-07T21:00:57Z","dateModified":"2024-06-11T14:31:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bullish Signal: Exchange Whale Ratio Sharply Declines\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bullish-signal-whale-ratio-sharply-declines\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bullish-signal-whale-ratio-sharply-declines\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/thomas-lipke-kkXDhAUnxYI-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/thomas-lipke-kkXDhAUnxYI-unsplash-scaled.jpg?fit=2560%2C1576\"},\"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 bullish signal\",\"bitcoin exchange whale ratio\",\"bitcoin whale ratio\",\"bitcoin whales\",\"btc\",\"btcusd\"],\"dateCreated\":\"2022-12-07T21:00:57Z\",\"datePublished\":\"2022-12-07T21:00:57Z\",\"dateModified\":\"2024-06-11T14:31:53Z\"}<\/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\/2022\/12\/thomas-lipke-kkXDhAUnxYI-unsplash-scaled.jpg?fit=2560%2C1576","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/511448"}],"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=511448"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/511448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/511453"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=511448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=511448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=511448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}