Bitcoin Price Whales Are Increasing, but BTC Sent to Crypto Exchanges Continues to Fall. What Does the Trend Mean?

ETH, the second largest crypto in market worth, was lately altering arms at $1,853, a 3.1% drop from Wednesday, similar time. Most different main cryptos plunged deeply into the crimson earlier than regaining some floor. Litecoin and in style memecoin SHIB have been nonetheless off greater than 6% and three%, respectively. SOL, the token of the Solana blockchain soared over 11% at one level and was nonetheless up greater than 4%. The CoinDesk Market Index, a measure of crypto markets total efficiency, was lately down 1.7%.