How do large whale outflows of around 220,000 BTC over the past year signal potential changes in market pressure?
Why is this the correct answer?
This is correct because when large holders move significant amounts of Bitcoin towards exchanges to sell, it increases supply available in the market. Higher supply against steady demand often puts downward pressure on prices, a key concept new traders should understand.
Related Terms
AI-Generated Content Disclaimer
Important Notice: This content has been generated with the assistance of artificial intelligence. While we strive for accuracy, there may be errors or inaccuracies in the information provided. Please exercise caution and verify any information before making decisions based on it. This information does not constitute investment advice, financial advice, trading advice, or any other sort of advice. You should not treat any of the content as such. CryptoMeteo does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own due diligence and consult with a financial advisor before making any investment decisions.