The Bitcoin exchange whale ratio, which measures the ratio between the top ten Bitcoin transactions to exchanges and the total exchange inflow, has recently experienced a significant decline. This suggests that the selling pressure in the market may be decreasing. When the ratio is high, it indicates that large investors, or whales, are dominating the market inflows and potentially engaging in mass selling. Conversely, low values of the ratio imply that whales are contributing a healthy portion of the inflows without selling significantly more than the rest of the market. The recent decline in the whale ratio has coincided with a sharp rally in the price of Bitcoin, indicating that these large investors may believe in the potential for further growth. This decrease in selling pressure from whales could potentially allow the cryptocurrency’s price to continue to rise. Currently, Bitcoin is trading at around $30,400, showing a 15% increase in the last week.
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