Bitcoin price dives back under $16,900 as whale deposits spike again

Cointelegraph

Published Nov 27, 2020 03:37AM ET

Updated Nov 27, 2020 04:00PM ET

The price of Bitcoin (BTC) dropped below $16,900 again on Nov. 27 across top exchanges, including Binance. The recent pullback comes as whale exchange deposits started to increase.

Ki Young Ju, the CEO of CryptoQuant, reported that the All Exchange Inflows Mean indicator reached the “danger zone.” Historically, this caused BTC to suffer short-term corrections.

BTC/USD 1-day chart (Bitstamp). Source: Tradingview
All Exchanges Inflow Mean reaches danger zone. Source: CryptoQuant
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