Alert: Bitcoin on-chain data hints ‘whales are taking profits’
Bitcoin (BTC) seems to have carved a local top in the $44,000 price zone, while on-chain whale activity hints at distribution. Notably, a whale -alert Telegram bot has been constantly triggered for massive Bitcoin inflows in centralized exchanges. Onchain Edge first reported these alerts on CryptoQuant on December 22, suggesting a local BTC top. In particular, three whale alerts on December 11, 20, and 22 show the Bitcoin mean inflow on all exchanges surging above 15 BTC. Each registered mean was 26.96 BTC, 15.56 BTC, and 18.15 BTC, respectively. All-exchange BTC inflow means – Whale alerts on Telegram. Source: Onchain Edge On another chart, Onchain Edge illustrates how each Bitcoin exchange inflow (mean) surge happened right after a price pump. Interestingly, a local top formation follows these in the aforementioned $44,000 zone. All-exchange BTC inflow (mean) chart vs. Bitcoin’s price. Source: Onchain Edge Bitcoin (BTC) price analysis amid whale alerts Cry...