{"id":398847,"date":"2022-01-25T12:04:25","date_gmt":"2022-01-25T09:04:25","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/stop-panic-selling-bitcoin-whales-bag-spare-btc-as-exchange-balances-fall\/"},"modified":"2022-01-25T12:04:25","modified_gmt":"2022-01-25T09:04:25","slug":"stop-panic-selling-bitcoin-whales-bag-spare-btc-as-exchange-balances-fall","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/stop-panic-selling-bitcoin-whales-bag-spare-btc-as-exchange-balances-fall\/","title":{"rendered":"# &#8216;Stop panic selling&#8217; \u2014 Bitcoin whales bag spare BTC as exchange balances fall"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3df37d4819d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3df37d4819d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/stop-panic-selling-bitcoin-whales-bag-spare-btc-as-exchange-balances-fall\/#BTC_conspicuously_attractive_at_current_levels\" >BTC conspicuously attractive at current levels<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/stop-panic-selling-bitcoin-whales-bag-spare-btc-as-exchange-balances-fall\/#Whales_go_for_another_dip\" >Whales go for (another) dip<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># &#8216;Stop panic selling&#8217; \u2014 Bitcoin whales bag spare BTC as exchange balances fall <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) is being aggressively bought up at prices near $30,000 as bidders begin to soak up liquidity from short-term sellers.<\/p>\n<p>Data from on-chain monitoring resource <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/asset\/btc\/chart\/exchange-flows\/exchange-reserve?exchange=all_exchange&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=linear&amp;metricScale=linear&amp;chartStyle=line\">CryptoQuant<\/a> shows that as of late December, Bitcoin exchanges have begun to shed their BTC reserves once more.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BTC_conspicuously_attractive_at_current_levels\"><\/span>BTC conspicuously attractive at current levels<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>After a period of traders sending BTC to exchanges, possibly to sell or to have on the side to divest away from further losses, exchanges are now seeing larger overall outflows than inflows.<\/p>\n<p>Between Dec. 7 and Dec. 28, 2021, BTC reserves of the 21 major platforms monitored by CryptoQuant increased from 2.396 million to 2.428 million BTC.<\/p>\n<p>Thereafter, the longer-term downtrend resumed, and as of Monday, exchanges&#8217; tally stood at 2.366 million BTC \u2014 despite spot price action sitting at six-month lows.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/c1e4ee73-d3af-4b4b-803f-6a17f94792d8.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin exchange reserves vs. BTC\/USD chart. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n<p>Older whales, meanwhile, despite showing some impatience in recent years, are still apt to spark price trend reversals, CryptoQuant CEO Ki Young Ju believes.<\/p>\n<p>&#8220;It seems they have been sold $BTC to new players at the tops or bottoms,&#8221; he said in a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1485563724975190016\">tweets<\/a> about the topic, noting that institutions have likely been the main buyers since 2020.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Whales_go_for_another_dip\"><\/span>Whales go for (another) dip<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While common knowledge, the exchange balance trend now coincides with palpable on-chain demand from major investors.<\/p>\n<p><strong><em>Related:\u00a0Illiquid supply \u2018going up relentlessly\u2019 \u2014 5 things to watch in Bitcoin this week<\/em><\/strong><\/p>\n<p>As noted by <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account CC15Capital this week, the run to $33,000 was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitinfocharts.com\/bitcoin\/address\/bc1q4c8n5t00jmj8temxdgcc3t32nkg2wjwz24lywv\">accompanied<\/a> by multi-million-dollar BTC buy-ins from one wallet in particular.<\/p>\n<p>Since August, the account has amassed over $1 billion worth of BTC from a starting balance of zero.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"und\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/TqcYo2Mkw2\">https:\/\/t.co\/TqcYo2Mkw2<\/a><\/p>\n<p>\u2014 CC15Capital (@Capital15C) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Capital15C\/status\/1485802978569338880?ref_src=twsrc%5Etfw\">January 25, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The phenomenon further comes amid firm resolve from long-term holders not to sell. As Cointelegraph reported, coins that have not moved in a year or more now make up 60% of the overall BTC supply.<\/p>\n<p>Whale accumulation, meanwhile, has been <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arent elsewhere in the period following the comedown from $69,000 all-time highs.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/stop-panic-selling-bitcoin-whales-bag-spare-btc-as-exchange-balances-fall\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# &#8216;Stop panic selling&#8217; \u2014 Bitcoin whales bag spare BTC as exchange balances fall &#8221; Bitcoin (BTC) is being aggressively bought up at prices near $30,000 as bidders begin to soak up liquidity from short-term sellers. Data from on-chain monitoring resource CryptoQuant shows that as of late December, Bitcoin exchanges have begun to shed their&#8230;<\/p>\n","protected":false},"author":1,"featured_media":398848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvYWUyMTljYjgtNjMyNi00ZDNlLTk5YTctMWM0MzAyOWU4YWI2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-398847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/398847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=398847"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/398847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/398848"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=398847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=398847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=398847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}