Data: Bitcoin Top 10 Whale Inflows Form Historic Bear Signal

News BTC

On-chain data shows the top 10 Bitcoin whale inflows are forming a historic bear signal right now, something that could spell trouble for the new rally.

Bitcoin Top 10 Exchange Inflows (Whales) Form A Peak Recently

As pointed out by an analyst in a CryptoQuant post, the BTC top ten exchange inflows have showed a bearish formation recently.

How To Get Free Crypto  

The “all exchanges inflow” is an indicator that measures the total amount of Bitcoin entering wallets of all exchanges during a specific period.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Investors usually deposit their BTC to exchanges for selling purposes. Therefore, any spikes in the metric can be bearish for the price of the crypto.

A modification of this indicator is the “top 10 exchange inflow,” which measures the sum of the ten largest transactions going to centralized exchanges.

As these transfers usually belong to whales, high values of the metric may be a sign of dumping from these massive Bitcoin holders.

Coinbase Banner  

On the other hand, low top ten inflow values may suggest that whales are selling a normal amount of coins at the moment.

Related Reading | Ethereum Will Continue To Outperform Bitcoin, Here’s The Indicator That Says So

Now, here is a chart that shows the trend in the Bitcoin top ten inflows over the past few years:

Looks like the value of the indicator is forming a peak | Source: CryptoQuant

In the above chart, the quant has marked the important regions of trend for the top ten Bitcoin exchange inflows during this period.

It seems like whenever the indicator has formed a peak, the price of Bitcoin has always taken a hit soon after the trend.

FreeBitcoin Banner  

Related Reading | Malice Or Ignorance? The New York Times Keeps Printing Lies About Bitcoin Mining

Now, the top ten whale inflows seem to be forming a similar peak again. If the pattern holds true, then this could be a bearish signal for the price of the coin.

However, it’s also worth noting that the metric hasn’t yet formed a full turn yet, so it could still continue to go up or move sideways and the signal won’t go off.

BTC Price

Yesterday, Bitcoin’s price finally gained some strong momentum and broke past the $45k barrier. Now, the price is above $47k, a level that the coin hasn’t visited since the very start of the year.

At the time of writing, the coin is trading around $47.2k, up 15% in the last seven days. Over the past month, the crypto has gained 25% in value.

The below chart shows the trend in the price of BTC over the last five days.

The price of BTC seems to have shown some sharp uptrend over the past day | Source: BTCUSD on TradingView
Featured image from, charts from,

Go to Source
Author: Hououin Kyouma

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.