Bitcoin supply pressure builds as whale inflows rise and spot demand stays weak
XWIN Japan analysts note rising exchange whale inflows and weak spot demand are increasing supply pressure on Bitcoin, with large-investor CVD shifting to neutral.
BTCUSD
Analysts at XWIN Japan warn that supply pressure in the crypto market is intensifying. Bitcoin's market structure is starting to shift, they say.
On Binance, the Whale Inflow Ratio has risen, meaning large transactions account for a notable share of inflows to the exchange. At the same time, the CVD metric for large investors has moved out of the buying zone into neutral territory.
The key issue is not simply whether large players are selling, the analysts noted. It is whether spot demand will be strong enough to absorb bitcoin returning to exchanges.
Source: ForkLog