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Bitcoin Sell Pressure Is Easing, But Whales Keep Dumping on Exchanges: CryptoQuant
Yahoo Finance· 2026-02-21 04:41
A major influx of Bitcoin deposits to centralized exchanges has slowed, reducing sell pressure on crypto’s top asset by market cap. But the largest investors, or whales, have kept their foot on the gas, according to a new report from CryptoQuant. The Bitcoin deposited on exchanges had reached around 60,000 BTC on February 6 as the price of the coin slipped near $60,000. That number has since fallen to around 23,000 BTC on average over the last seven days, the blockchain analytics firm indicated. “This mode ...