Whales Accumulate Bitcoin at $60K as Exchange Whale Ratio Surges
- The Exchange Whale Ratio hit a high of 61.6% at the $60,000–$61,000 level.
- More than 11,000 BTC were withdrawn from exchanges, indicating accumulation.
- This activity suggests whales absorbed panic selling and established a support level around $60,000.
Recent data shows that large holders dominated buy-side activity as retail investors sold off near the $60,000 mark. This behavior is seen as a positive signal amidst recent market volatility.
The surge in whale activity and significant BTC withdrawals suggest strong hands may have established a new support zone at the $60,000–$61,000 range. (Source)
