Bitcoin exchanges see large deposits despite BTC reserves hitting 3-year lows

Bitcoin (BTC) whales are moving large amounts of coins to exchanges in tandem with large outflows, curious new data shows. 

According to the exchange whale ratio indicator from on-chain analytics firm CryptoQuant, large transactions have accounted for over 90% of recent exchange deposits.

Top 10 deposits make up 90% of exchange inflows

In a marked change from previous behavior, over the past week, whales have become much more active prospective sellers on exchanges.

The exchange whale ratio,…

Read More