The giant whale on the Bitcoin chain has started hoarding coins, and demand in the spot market remains weak

--

CryptoQuant data shows that the net accumulation of large holders of 1000 to 10000 bitcoins in 60 days has changed from negative 62600 to positive 5230, and Binance's USDT reserves have increased from $790 million to $1.76 billion. The Coinbase premium index is -0.1416%, and the exchange recorded a net inflow of 8428 BTC, with a short-term holder output profit margin (STH-SOPR) of 0.9982. Analyst XWIN stated that there are signals of hoarding on the chain, but the market still needs stronger spot demand support.

Loading...