Bitcoin Breaks $24k As Exchange Whale Ratio Declines

On-chain data shows the Bitcoin exchange whale ratio has declined recently as the crypto surges above the $24k mark.

Bitcoin Exchange Whale Ratio (EMA 7) Is Currently Below 0.50

As per a post from CryptoQuant, the BTC exchange whale ratio has gone down recently while the price has surged up.

The “exchange whale ratio” is an indicator that…