Bitcoin Exchange Whale Ratio Reaches New High, Potential Selling Pressure Ahead

The price of Bitcoin has remained mostly stable over the past week, briefly approaching $87,000. On-chain data indicates potential downward pressure on the cryptocurrency in the upcoming weeks.

Rising Exchange Whale Ratio Implications

Bitcoin whale activity on centralized exchanges has increased recently.
The "Exchange Whale Ratio" measures the top 10 largest transfers into exchanges versus total exchange inflow.
A high ratio suggests significant inflows from whales compared to other market participants.
The current Exchange Whale Ratio has surpassed 0.6, its highest since September 2024.
Increased inflows into exchanges may indicate selling pressure, negatively affecting Bitcoin's price.
Whales moving assets to exchanges can trigger a sell-off, influencing other investors' actions.

As of now, Bitcoin's price is slightly above $84,000, showing no major change in the last 24 hours.