Bitcoin cost dump ‘not going to occur’ as whales remain off exchanges
A Bitcoin (BTC) sell-off and associated rate fall are “not going to occur,” a widely known the CEO of a widely known analytics tool has actually said.In a tweet on Oct. 12, Ki Young Ju, CEO of CryptoQuant, kept in mind that typical inflows to exchanges were remaining low regardless of BTC rate gains.Ki: Exchange inflows” still in the safe zone” Ki highlighted CryptoQuant’s mean exchange inflow metric, which stays easily within the low-risk location, recommending a low possibility of a sell-off. Mean exchange inflow determines how much Bitcoin is going into exchanges, with the ramification that it might be utilized for offering or trading activities. Days later on, around March 14, inflows struck a peak of practically 5 BTC.
