NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Reaches $93,000 Amid Renewed Optimism: What To Keep An Eye On This Week
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Reaches $93,000 Amid Renewed Optimism: What To Keep An Eye On This Week

Bitcoin Whale Ratio Soars, Could A Crash Be Coming?

Keshav Verma
Keshav Verma
Last Updated: June 11, 2024 1:56 pm
3 mins read
Bitcoin whale

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Bitcoin all exchanges whale ratio has soared, which might be an indicator that a crash could be coming soon, based on past patterns.

The All Exchanges Whale Ratio Soars

As pointed out by a CryptoQuant post, the Bitcoin All Exchanges Whale Ratio had a sharp spike on Sunday.

The BTC All Exchanges Whale Ratio is defined as the total amount of coins in top 10 transactions of all exchanges (that is, the transactions with the most BTC sent) divided by the total amount of coins flowing into the exchanges.

Bitcoin All Exchanges Whale Ratio= Sum of Top 10 Exchange Inflow TXs (BTC)​ ÷ Total Exchange Inflows in BTC

The indicator shows the relative size of the top transactions to the total inflows on all exchanges. Based on which, it becomes possible to tell the ratio of whales that are using the exchanges.

Now, here is how the Bitcoin all exchanges whale ratio chart looks like for the year 2021:

Bitcoin Whale Ratio

The BTC whale ratio seems to have risen | Source: CryptoQuant

As is clear from the chart, the value of the Bitcoin all exchanges whale ratio seems to have sharply increased recently.

A notable feature of the graph is that the value of the indicator right now, about 0.6, has only been surpassed by three other occasions in the year.

Related Reading | Analyst: Bitcoin Approaches “Critical Intersection Of Macro Support”

And shortly after those periods where the ratio spiked, a decline in the price of Bitcoin has always been observed.

The reason behind the drop is that whenever the indicator increases in value, it means whales are sending their BTC to exchanges for selling/exchanging purposes. Whales dumping their coins has always driven the price down.

Bitcoin Price

As of the time of publishing, BTC’s price is going around 33.5k, down almost 0.8% in the last 7 days. Compared to one month ago, its trading value is about 6% lower.

Here is a chart noting the trend in Bitcoin’s price over the last 6 months:

Bitcoin Price

BTC's price seems to be on a downtrend | Source: BTCUSD on TradingView

The price of Bitcoin continues to be range bound as the crypto fails to escape the $35k resistance line. The volatility has dropped to the lowest of the year as the coin’s price stagnates.

Based on the behavior of the indicator this past year, the current spike in the BTC All Exchanges Whale Ratio might suggest that a drop in the price could be coming soon.

Related Reading | TA: Bitcoin Prints Bullish Pattern, Why Close above $35K Is Crucial

It’s unclear how much the price would drop if the pattern indeed holds, and whether the market will enter a bear market afterwards. It’s also possible that a small dip could be there that’s followed by a long-term bull market.

Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP Supply Shock In Korea Op Upbit, Gigantische Ripple Koers Explosie Naar $15 Mogelijk?

De XRP markt kijkt opnieuw naar Zuid Korea, nadat analisten signaleren dat de beschikbare XRP voorraad op Upbit merkbaar krapper...

Lars Diederiksen 5 hours ago
Bitcoin

Bitcoin Bounce A Bull Trap? Analyst Sees 2022-Style Bear Flag

A cryptocurrency analyst has pointed out how the recent Bitcoin price action could echo the bear flag formation from the...

Keshav Verma 6 hours ago
도지코인 전망 - 밈코인 대장주 DOGE, 2021년 밈코인 강세장 재현 가능할까?

도지코인 전망 – 밈코인 대장주 DOGE, 2021년 밈코인 강세장 재현 가능할까?

핵심 내용: 도지코인은 최근 대규모 레버리지 청산 이후 0.15달러 지지선을 방어하며 2021년 강세장 초입과 유사한 기술적 패턴을 보이고 있다. 시장 분석에 따르면 도지코인이 하...

Soyeon Lee 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP JPMorgan

JPMorgan koopt nieuwe altcoin met 1000x potentie – grootste vrees voor XRP in 2026?

Lars Diederiksen 3 minutes ago
Bitcoin

Bitcoin Absorbs The Flush: Quantum Structure Signals Wave (3) Toward $104,000

Godspower Owie 3 hours ago
Δάνεια με εγγύηση crypto

Δάνεια crypto πάνω από 90 δισεκατομμύρια το 2026 ενώ ένα Bitcoin Layer 2 γίνεται το νέο πρότυπο στο θεσμικό DeFi

Ανθή Ντόνκοβα 4 hours ago

Premium Sponsors

Press Releases

  • イーサリアム 今後

    イーサリアム...

    2 hours ago
  • ビットコイン 今後とBCH連動

    ビットコイン...

    2 hours ago
  • シバコイン 今後

    シバコイン...

    3 hours ago
  • パイネットワーク 価格

    パイネットワーク...

    3 hours ago
  • Only 5 Hours Left to Secure PepeNode at ICO Pricing – Ahead of a Potential 100x Run

    Only 5 Hours Left to Secure PepeNode at ICO Pricing –...

    3 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.