Bitcoin's net inflow to centralized exchanges (CEX) surged to 9,905 BTC on April 27, marking the largest single-day inflow in the past month, according to CryptoQuant analyst Woominkyu. This influx has hindered Bitcoin's ability to break through its resistance level.
The Exchange Whale Ratio, a key indicator, spiked to 0.707, the highest in over a week, suggesting that large holders are moving significant amounts to CEXs. This activity indicates potential preparations for selling, as the top 10 inflow transactions accounted for over 70% of total deposits. The combination of increased whale-driven inflows and rising CEX reserves suggests a possible retest of the $74,000–$75,000 support zone if the influx isn't quickly absorbed.
Bitcoin CEX Inflows Hit 9,905 BTC, Raising Sell-Off Concerns
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