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Quick Bitcoin Price Recovery Looks in Doubt as Whales Move Coins Onto Exchanges

Quick Bitcoin Price Recovery Looks in Doubt as Whales Move Coins Onto Exchanges – CoinDesk

Bitcoin may have a tough time charting a V-shaped recovery to recent highs in the short term, with on-chain activity showing increased selling pressure in the market. Blockchain analytics firm CryptoQuant’s exchange inflow indicator – which measures the 144-block (roughly 24-hour) average of mean bitcoin deposits across major cryptocurrency exchanges – has risen to 2.5 bitcoin, the highest level since March 20.








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