Sunday, May 28

“Stop Panic Selling”: Bitcoin Whales Buy Surplus BTC as Exchange Balances Drop By Cointelegraph

©Reuters. “Stop Panic Selling”: Bitcoin Whales Buying Surplus BTC as Exchange Balances Drop

(BTC) is being bought aggressively at prices close to $30,000 as bidders start to suck up liquidity from short-term sellers.

Data from on-chain monitoring resource CryptoQuant shows that since the end of December, exchanges have started to dump their BTC reserves once again.

  • Robert Kiyosaki, author of ‘Rich Dad, Poor Dad’, wants to take advantage of the fall of bitcoin to buy: ‘It’s time to get richer’

BTC draws attention to its appeal at current levels After a period in which traders sent BTC to exchanges, possibly to sell or to hold aside to shed further losses, exchanges are now seeing higher total outflows than tickets.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.