Longtime holders who got in six months ago, $BTC , are no longer moving coins to exchanges 🧐
CryptoQuant data: Percentage of addresses holding for 6–12 months that transfer coins to exchanges
📉 June: 40.4%
📉 October 15: 4.4%
But their total transfer volume over the past 30 days rose from 157,700 BTC to 205,400 BTC—the coins are moving, just not to exchanges to be sold.
Meanwhile, Whale Alert spotted a withdrawal of 888 BTC from Kraken.
On the other hand, CoinGlass shows net inflows of $18.65 million to spot exchanges, so short-term selling pressure signals are mixed.
In a nutshell: Mid-term holders are “locking up” their coins, while short-term money is still undecided.
Do you think this is buildup or an illusion? 👇
Data sources: Investing.com / CryptoQuant / Whale Alert / CoinGlass (10/18)
⚠️ Not investment advice. DYOR
#BTC #bitcoin #OctoberCryptoMarket
CryptoQuant data: Percentage of addresses holding for 6–12 months that transfer coins to exchanges
📉 June: 40.4%
📉 October 15: 4.4%
But their total transfer volume over the past 30 days rose from 157,700 BTC to 205,400 BTC—the coins are moving, just not to exchanges to be sold.
Meanwhile, Whale Alert spotted a withdrawal of 888 BTC from Kraken.
On the other hand, CoinGlass shows net inflows of $18.65 million to spot exchanges, so short-term selling pressure signals are mixed.
In a nutshell: Mid-term holders are “locking up” their coins, while short-term money is still undecided.
Do you think this is buildup or an illusion? 👇
Data sources: Investing.com / CryptoQuant / Whale Alert / CoinGlass (10/18)
⚠️ Not investment advice. DYOR
#BTC #bitcoin #OctoberCryptoMarket