Crypto Whale Activity Not Looking Good for Bitcoin, Says Quant Analyst

[Rakin343]

CryptoQuant CEO Ki Young Ju is issuing a warning to crypto traders as he unveils signals indicating that deep-pocketed investors are expecting a decline in the value of BTC.
In a new tweet, the head of the crypto insights platform tells his 199,700 followers that he’s seeing a significant rise in the influx of Bitcoin into exchanges, which tends to be a sign that investors are gearing up to sell their BTC. One thing that makes me worried about BTC is exchange netflows. There are many Bitcoins flowing into exchanges lately but the trading volume is still relatively low. BTC needs more trading volume to digest increasing exchange inflows.”
Source: Ki Young Ju/Twitter
The quant analyst also tells his followers to keep a close watch on the activity of whales on Hong Kong-based crypto exchange Bitfinex. If dumping happens again, it might come from Bitfinex. Most of the exchanges have digested most of the BTC inflows after the plunge, except for Bitfinex. All eyes on Finex whales.Source