" #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.
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" '24 Year of Growth through Institutional Investor Exchange' "The year 24 marked a significant turning point in the crypto industry. The exchange reported a sharp increase in average Bitcoin and USDT deposits, suggesting an increase in institutional investor engagement. The average Bitcoin deposit holdings on all exchanges increased from 0.36 BTC to 1.65 BTC in 2023, while USDT holdings surged from $19,600 to $230,000. This large holdings reflect the growing interest of institutional investors, setting institutional activities apart from smaller investors. The Binance exchange leads this institutional investor growth, with the largest increase in average Bitcoin holdings on major exchanges. This is in line with the 40% expansion in institutional investor business on the platform mentioned by the Binance CEO. Binance's average daily Bitcoin deposits increased by 2.77 BTC, far ahead of Kraken (0.56 BTC) and Coinbase (0.41 BTC). For USDT, Binance
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š " #ETH trading volume surges, likely to hit a new high" In the November period after the U.S. presidential election, Ethereum has gained over 140%; however, it has yet to top its March 2024 peak. The positive news is that the inflow of institutional capital into Ethereum ETFs has increased significantly. The volume of Ethereum ETFs has increased by about +300% compared to September-October. In addition, the November moves on the chart formed an upward wedge pattern. With the pattern almost complete, there could be significant price fluctuations in the near future. If Ethereum is backed by institutional capital inflows into ETFs, you can expect a rise above the peak like Bitcoin.
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