CryptoQuant analyst Woominkyu said Bitcoin exchange net inflows rose to 9,905 BTC on April 27, the largest single-day net inflow in the past 30 days, as BTC struggled to break above the $78K resistance zone.
CryptoQuant analyst Woominkyu said Bitcoin exchange net inflows rose to 9,905 BTC on April 27, the largest single-day net inflow in the past 30 days, as BTC struggled to break above the $78K resistance zone. The Exchange Whale Ratio rose to 0.707, the highest in over a week, meaning the top 10 inflow transactions accounted for more than 70% of total deposits.
Exchange reserves also increased from 2.666 million BTC on April 25 to 2.677 million BTC on April 28. Woominkyu said BTC may retest the $74Kâ$75K support zone in the near term if the inflows are not quickly absorbed. â link