{"id":32460,"date":"2020-11-27T12:40:48","date_gmt":"2020-11-27T10:40:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32460"},"modified":"2025-08-28T08:45:49","modified_gmt":"2025-08-28T05:45:49","slug":"opinion-bitcoin-whales-prepare-for-another-dump","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opinion-bitcoin-whales-prepare-for-another-dump\/","title":{"rendered":"Opinion: Bitcoin Whales Prepare for Another Dump"},"content":{"rendered":"<p>According to Ki Young Ju, CryptoQuant&#8217;s head of analytics, this signals a fresh wave of Bitcoin selling in the near term.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\"><a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BTC<\/a> Whales are depositing to exchanges. I expect dumping in the short-run.<\/p>\n<p>All Exchanges Inflow Mean(144-block MA) hit 2 BTC. I think we\u2019re in a danger zone. The price is likely to go sideways or down when whales are active on exchanges. <a href=\\\"https:\/\/t.co\/eIfHdkIzdL\\\">https:\/\/t.co\/eIfHdkIzdL<\/a> <a href=\\\"https:\/\/t.co\/CenxR44h5Q\\\">pic.twitter.com\/CenxR44h5Q<\/a><\/p>\n<p>\u2014 Ki Young Ju \uc8fc\uae30\uc601 (@ki_young_ju) <a href=\\\"https:\/\/twitter.com\/ki_young_ju\/status\/1332228538666086401?ref_src=twsrc%5Etfw\\\">November 27, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The expert justified his conclusions by the Bitcoin-flow indicator for large investors moving to exchanges, which has entered a &#8216;danger zone&#8217;.<\/p>\n<p>As the base scenario, Ki Young Ju envisions a correction or consolidation in Bitcoin&#8217;s price in the coming days, followed by a rally and a break above $20,000 in December.<\/p>\n<p>Earlier, the head of CryptoQuant <a href=\"https:\/\/u1f987.com\/en\/news\/okex-resumes-withdrawals\">\u0437\u0430\u044f\u0432\u0438\u043b<\/a> that the resumption of withdrawals from OKEx did not have a significant impact on Bitcoin&#8217;s behavior, since 83% of these assets went to non-exchange wallets.<\/p>\n<p>On November 26, Bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-sinks-below-17000\">fell<\/a> below $17,000, while on November 25 it rose to $19,500. At the moment, the cryptocurrency is trading around $16,750.<\/p>\n<p>Earlier, Stack Funds chief Matthew Dibb <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-bitcoin-price-fell-victim-to-margin-trading\">identified<\/a> mass liquidations of leveraged positions as the primary reason for Bitcoin&#8217;s $3,000 drop in 24 hours.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major holders of the first cryptocurrency are actively moving coins from wallets to exchanges. According to CryptoQuant&#8217;s head of analytics Ki Young Ju, this signals a new wave of Bitcoin selling in the near term.<\/p>\n","protected":false},"author":1,"featured_media":32461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1156,1138],"class_list":["post-32460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-institutional-investors-and-whales","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=32460"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32460\/revisions"}],"predecessor-version":[{"id":32462,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32460\/revisions\/32462"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/32461"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=32460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=32460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=32460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}