phaver

" #BTCIncreases Exchange Deposits After Trump's Election" 

Since the Nov. 5 U.S. presidential election, we have observed an increase in the amount of bitcoin deposited on exchanges by whale addresses that have been actively trading. However, adjusted SOPR indicators suggest they have yet to make a big profit. 

Bulk Bitcoin exchange deposits suggest a possible short-term selling pressure, but given that these assets were not sold immediately, they were likely deposited for collateral purposes for hedging, OTC or leveraged trading. As a result, it is likely that whales are adopting a wait-and-see strategy rather than engaging in direct selling activities. 

In conclusion, there is no immediate selling pressure, but an increase in exchange deposits could increase the risk of price adjustments following future selling. Therefore, it is necessary to continuously monitor exchange deposits in the future.