Latest Findings Show Bitcoin Holders Under Fire As Price Continues To Sink

Latest Findings Show Bitcoin Holders Under Fire As Price Continues To Sink


The situation in the Bitcoin and crypto market has continued to follow a downward trend. Prices of most crypto assets are maintaining a southward movement over the past weeks. The collapse of FTX is still spinning the wheels negatively as the contagion spreads.

Glassnode, a blockchain analytics company, reports more doubts about the crypto market. On November 21, the firm concluded its ‘Week on-chain’ report and disclosed the impact of the market crisis on Bitcoin holders.

In its report, the firm checked the total increase in the Mean Inflow Volume to many exchanges and discovered that many whales are losing. Its report also shows that the average deposits on top exchanges increase in dollars as Bitcoin reaches its lowest levels/bottom.

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The firm noted that the

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