BTC at $73,400... Whale deposit ratio repeatedly exceeding 0.4 since late October
Original headlineBTC 7만3400달러…고래 입금 비율 10월 하순부터 0.4 반복 상회
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Bitcoin fell from above $75,600 to roughly $73,400 before rebounding to about $75,500, then slid back to near $74,600 on the morning of the 10th, according to XWIN Japan's analysis of CryptoQuant data cited by PANews. The firm attributed the deepened decline to the liquidation of large long positions and noted that spot buying failed to sustain the rebound. It also flagged that bitcoin stayed weak even as falling oil prices lifted U.S. equities, indicating spot demand was not supporting the price in step with stock-market moves. The article also cites a whale deposit ratio that has repeatedly exceeded 0.4 since late October, a signal traders are watching for elevated selling pressure from large holders.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Bitcoin (BTC), CryptoQuant, XWIN Japan, PANews
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