{"id":87988,"date":"2020-10-13T12:06:00","date_gmt":"2020-10-13T09:06:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-price-dump-not-going-to-happen-as-whales-stay-off-exchanges\/"},"modified":"2020-10-13T12:06:00","modified_gmt":"2020-10-13T09:06:00","slug":"bitcoin-price-dump-not-going-to-happen-as-whales-stay-off-exchanges","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-dump-not-going-to-happen-as-whales-stay-off-exchanges\/","title":{"rendered":"# Bitcoin price dump \u2018not going to happen\u2019 as whales stay off exchanges"},"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-6a3dcd2116691\" 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-6a3dcd2116691\" 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\/bitcoin-price-dump-not-going-to-happen-as-whales-stay-off-exchanges\/#Ki_Exchange_inflows_%E2%80%9Cstill_in_the_safe_zone%E2%80%9D\" >Ki: Exchange inflows \u201cstill in the safe zone\u201d<\/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\/bitcoin-price-dump-not-going-to-happen-as-whales-stay-off-exchanges\/#What_BitMEX_selling_pressure\" >What BitMEX selling pressure?<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin price dump \u2018not going to h<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>en\u2019 as whales stay off exchanges <\/strong>&#8221;<\/p>\n<div data-v-17f60ba6=\"\">\n<p dir=\"ltr\">A Bitcoin (BTC) sell-off and associated price fall are \u201cnot going to happen,\u201d a well-known the CEO of a well-known analytics tool has said.<\/p>\n<p>In a <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1315660844538060800\/\">tweet<\/a> on Oct. 12, Ki Young Ju, CEO of CryptoQuant, noted that average inflows to exchanges were staying low despite BTC price gains.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ki_Exchange_inflows_%E2%80%9Cstill_in_the_safe_zone%E2%80%9D\"><\/span>Ki: Exchange inflows \u201cstill in the safe zone\u201d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ki highlighted CryptoQuant\u2019s mean exchange inflow metric, which remains comfortably within the low-risk area, suggesting a low chance of a sell-off.<\/p>\n<p>Mean exchange inflow measures how much Bitcoin is entering exchanges, with the implication that it could be used for selling or trading activities. By extension, it gives an idea of whale activity \u2014 large volume hodlers planning to divest themselves of BTC.<\/p>\n<p>\u201c$BTC dumping is not going to happen,\u201d Ki commented.\u00a0<\/p>\n<blockquote>\n<p>\u201cAll Exchanges Inflow Mean usually indicates how many whales are active on exchanges. Above 2 BTC is the danger zone, and we&#8217;re still in the safe zone.\u201d<\/p>\n<\/blockquote>\n<p>As such, BTC\/USD climbing to near $11,500 this week has not increased investors\u2019 temptation to sell.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"857\" alt=\"Bitcoin mean inflows vs. BTC\/USD 1-month chart\" src=\"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/347e0b6a2e4f5d2be1a8d1d59b24a83c.jpeg\" title=\"Bitcoin mean inflows vs. BTC\/USD 1-month chart\"\/><\/p>\n<p dir=\"ltr\" style=\"text-align: center;\"><em>Bitcoin mean inflows vs. BTC\/USD 1-month chart. Source: Ki Young Ju\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/p>\n<p>The lack of activity runs in stark contrast to earlier this year. On March 9, a week before coronavirus caused a cross-asset price crash, exchange inflows passed the 2 BTC \u201cdanger zone.\u201d Days later, around March 14, inflows hit a peak of almost 5 BTC. Bitcoin subsequently fell to $3,600.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_BitMEX_selling_pressure\"><\/span>What BitMEX selling pressure?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CryptoQuant has also previously highlighted flows from miners contributing to Bitcoin price action. Last month, it was a spike in flows from mining pools, also presumably destined for sale, which accompanied a 3% decline in BTC\/USD.<\/p>\n<p>In October, the situation with withdrawals was distorted by BitMEX as the derivatives giant is currently under investigation by U.S. tax authorities. Outflows from BitMEX totaled 50,000 BTC on Oct. 2 alone, CryptoQuant data shows.<\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" width=\"1267\" height=\"426\" alt=\"BitMEX inflows and outflows chart\" src=\"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/b25b4b592c4a0882358e5b98d8fd10dc.png\" title=\"BitMEX inflows and outflows chart\"\/><\/p>\n<p dir=\"ltr\" style=\"text-align: center;\"><em>BitMEX inflows and outflows chart. Source: CryptoQuant<\/em><\/p>\n<p>BitMEX, Cointelegraph and Digital Assets Data figures confirm, does not hold as much market share for Bitcoin futures as it did in the past.\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"450\" alt=\"Bitcoin futures volume exchange comparison 1-month chart\" src=\"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/b03c7a3095d7357e2fbec0df36677a56.jpg\" title=\"Bitcoin futures volume exchange comparison 1-month chart\"\/><\/p>\n<p dir=\"ltr\" style=\"text-align: center;\"><em>Bitcoin futures volume exchange comparison 1-month chart. Source: Cointelegraph\/ Digital Assets Data<\/em><\/p>\n<p>As various analysts noted, Bitcoin has thus broadly weathered the storm caused by the platform\u2019s problems, beating out resistance levels at $11,000.\u00a0<\/p>\n<p>This resilience has emboldened the Bitcoin bull case, Cointelegraph reported, with an increasing number of market participants confident in further gains preceding fresh downside.\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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 noreferrer\">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 noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-dump-not-going-to-happen-as-whales-stay-off-exchanges\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin price dump \u2018not going to happen\u2019 as whales stay off exchanges &#8221; A Bitcoin (BTC) sell-off and associated price fall are \u201cnot going to happen,\u201d a well-known the CEO of a well-known analytics tool has said. In a tweet on Oct. 12, Ki Young Ju, CEO of CryptoQuant, noted that average inflows to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":87989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/195b5021c7d85c30fa431dd99a08e8aa.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,74860,73785],"class_list":["post-87988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-cryptocurrency-exchange","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/87988","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=87988"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/87988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/87989"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=87988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=87988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=87988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}