Bitcoin Price recorded a 6% correction today with a daily low of $53,470 falling from a daily high of $58,471. The price correction of $5,000 created fears of further downside among traders, however, on-chain analysts Ki-Young Ju pointed that the Fund Flow Ratio of Bitcoin on all exchanges is around 7% which is considerably low, given the fund flow has exceeded 16% in March last year when BTC price fell by 50%.
The Fund Flow on exchanges indicates that most of the BTC transactions occurred outside the exchanges primarily on OTC desks. Another on-chain analysis showed that big whales in the range of 100 BTC -1000 BTC are still accumulating while smaller whales have started to take profit.
Fund Flow Ratio for all exchanges is still very low like 7%, meaning 93% of transaction volume on the $BTC network happened outside of the exchanges.
This ratio was 16% a day before the great sell-off in March 2020.
Chart https://t.co/o4k4puMWUE pic.twitter.com/ahsjExNQGG
— Ki Young Ju 주기영 (
