Bitcoin CEX inflow surged on the 27th, with the whale group actively selling off.

Mars Finance reported that, according to CryptoQuant analyst Woominkyu, Bitcoin’s CEX net inflow surged to 9,905 BTC, setting the largest single-day net inflow record in the past 30 days, which also meant Bitcoin’s price was unable to effectively break through the resistance level. Woominkyu said the most concerning signal is the CEX Exchange Whale Ratio, which jumped to 0.707 on April 27, the highest reading in more than a week. This implies that the top 10 inflow transactions account for more than 70% of all deposit volume—clearly indicating that large holders are actively transferring tokens to CEX, likely in preparation for distribution. Woominkyu believes that the combination of the whale-led inflow surge and rising CEX reserves suggests that smart money is preparing to sell at the top. Unless this portion of the inflow is quickly absorbed, the likelihood of a short-term retest of the $74,000 to $75,000 support zone is significantly increasing.

BTC-1.27%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments