BTC whales are no longer making deposits on the exchange. Without whale deposits, there is no dumping, and in the long run, it could indicate a bullish signal.

The 90-day moving average of the ratio btw the whales' deposits and total exchange inflow renews the year-low every day.

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📈 Unusual Exchange Outflows
10,861 #BTC ($119,445,189)
aggregated outflows from multiple exchanges in an hour

Reduce downside risk as not selling coins on exchanges

1. Bitfinex 7,523 BTC (69%)
2. Kraken 912 BTC (8%)
3. Binance 851 BTC (7%)


View Chart | @cryptoquant_alert

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 7,493 #BTC (82,332,860 USD) transferred from unknown wallet to #Bitstamp
Details

#BTC whale dumping is not going to happen.

Most of the funds in the wallet came from Bitfinex and transferred to various exchanges, including Huobi, Binance, Kraken, and Poloniex. If it's a transaction for depositing into Bitstamp, the funds had to flow into the exchanges' hot wallet or user wallet. This wallet is a cold wallet, and there is no clear evidence that is managed by Bitstamp.

We don't offer wallet address labeling data publicly, but you can access a free tool developed from Chainalysis developer. You can check out where the funds moved in and out.
https://www.walletexplorer.com/wallet/006ccff386583aa4?from_address=3LRHZZmHrQWtnYag6HjMBWejXEuAEGo9rR

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 7,492 #BTC (82,594,291 USD) transferred from #Bitstamp to unknown wallet
Details

It wasn't Bitstamp wallet as expected.

📉 Unusual Miner Outflows
632 #BTC ($6,846,982)
aggregated outflows from multiple miners 3 minutes 48 seconds ago

Be careful volatility as possibly sending coins to exchanges (No effect on price if it's OTC trade)

1. Poolin 632 BTC (100%)
2. F2pool 0 BTC (0%)
3. Slush 0 BTC (0%)


View Chart | @cryptoquant_alert

🐳 2,002 #BTC ($21,970,388)
aggregated inflows to #Okex 4 minutes 31 seconds ago

Be careful volatility due to increased trading volume
View Chart | @cryptoquant_alert

Miner Update: Some miners began selling at the end of July, but I think in the long-run, miners didn't sell $BTC large enough to stop the next bull-run.

View Chart: https://cryptoquant.com/overview/full/199?window=day

📈 Unusual Exchange Outflows
8,223 #BTC ($90,168,453)
aggregated outflows from multiple exchanges in an hour

Reduce downside risk as not selling coins on exchanges

1. Bitfinex 7,257 BTC (88%)
2. Kraken 297 BTC (3%)
3. Huobi Global 262 BTC (3%)


View Chart | @cryptoquant_alert

📉 Unusual Miner Outflows
581 #BTC ($6,318,811)
aggregated outflows from multiple miners 5 minutes 28 seconds ago

Be careful volatility as possibly sending coins to exchanges (No effect on price if it's OTC trade)

1. Poolin 580 BTC (99%)
2. Viabtc 1 BTC (0%)
3. F2pool 0 BTC (0%)


View Chart | @cryptoquant_alert

🐳🐳🐳 7,131 #BTC ($76,454,496)
aggregated inflows to #Kraken 3 minutes 43 seconds ago

Be careful volatility due to increased trading volume
View Chart | @cryptoquant_alert

🐳 Unusual Exchange Inflows
8,584 #BTC ($91,854,231)
aggregated inflows to derivative exchanges in an hour

Be careful volatility due to increased trading volume

1. Kraken 7,382 BTC (85%)
2. Huobi Global 709 BTC (8%)
3. Okex 314 BTC (3%)


View Chart | @cryptoquant_alert

📉📉 4,552 #BTC ($47,753,296)
aggregated inflows to #Gemini 3 minutes 30 seconds ago

Be careful downside risk from whale dumping
View Chart | @cryptoquant_alert

📉 Unusual Exchange Inflows
5,805 #BTC ($61,142,963)
aggregated inflows to spot exchanges in an hour

Be careful downside risk from whale dumping

1. Gemini 4,975 BTC (85%)
2. Coinbase Pro 793 BTC (13%)
3. Bitstamp 21 BTC (0%)


View Chart | @cryptoquant_alert

🐳 2,000 #BTC ($20,956,361)
aggregated inflows to #Bitfinex 6 minutes 14 seconds ago

Be careful volatility due to increased trading volume
View Chart | @cryptoquant_alert

📈 Unusual Exchange Outflows
7,501 #BTC ($78,544,972)
aggregated outflows from multiple exchanges in an hour

Reduce downside risk as not selling coins on exchanges

1. Gemini 5,062 BTC (67%)
2. Binance 1,362 BTC (18%)
3. Huobi Global 430 BTC (5%)


View Chart | @cryptoquant_alert

Fortunately, whale inflows seem to be decreasing.

It seems the $BTC price follows the traditional market lately. Ironically, external issues like COVID19 vaccines could affect the Bitcoin price.

I think the only thing we can do with on-chain data at this moment is to watch whale moving.

Most of the fundamental on-chain indicators are healthy.

https://twitter.com/ki_young_ju/status/1308979924510932993/photo/1

We're rolling out TradingView integration and looking for the smartest on-chain analysts for closed beta testing. Send a brief self-introduction to contact@cryptoquant.com

🐳 2,006 #BTC ($20,747,040)
aggregated inflows to #Huobi Global 8 minutes 10 seconds ago

Be careful volatility due to increased trading volume
View Chart | @cryptoquant_alert