bullish

Bitcoin

Bitcoin whales have become increasingly active on Kraken and Coinbase, buying the cryptocurrency at low prices, as selling pressure from other exchanges continues to weigh on prices, according to data from London-based analytics firm CCData.
<h2 id="ccdata-reveals-bitcoin-whales-active-on-kraken-and-coinbase">CCData Reveals Bitcoin Whales Active on Kraken and Coinbase</h2>
The bid-ask ratio, which measures the volume of buy orders compared to sell orders, has averaged 250% on Kraken this month and 123% on Coinbase. A ratio above 100 indicates that buy orders are outpacing sell orders, indicating clear bullish sentiment on those platforms.
In contrast, other exchanges like Bybit and Binance saw near parity with buy-sell ratios of 99% and 97% respectively.
Hosam Mahmoud, a research analyst at CCData, said the strong buying pressure on Kraken and Coinbase could indicate that these platforms are preferred places for savings.
“Kraken and Coinbase have been hot spots for larger traders as the average trade size is significantly higher,” Mahmoud said. On Kraken, the average trade size for Bitcoin (BTC/USDT) pairs is $2,148 and on Coinbase, $1,321, compared to $898 on Bybit and $747 on Binance.
This divergence suggests that institutional investors or long-term holders may be focusing on Kraken and Coinbase for larger trades, while smaller, more frequent trades are more common on platforms like Bybit and Binance that cater more to retail traders.
While these observations do not offer a definitive conclusion, the data suggests that investors are taking advantage of the current market conditions on Kraken and Coinbase to accumulate Bitcoin at lower prices.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/kraken-and-coinbase-exchanges-experience-whale-movement-buy-orders-increase-by-more-than-100-percent-here-are-the-details/" rel="noopener noreferrer nofollow">Kraken and Coinbase Exchanges Experience Whale Movement! Buy Orders Increase by More Than 100 Percent! Here Are the Details</a>

Kraken and Coinbase Exchanges Experience Whale Movement! Buy Orders Increase by More Than 100 Percent! Here Are the Details

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