THERE HAVE BEEN 8,000 WHALE TRANSACTIONS IN 1 MONTH ON ONE EXCHANGE ALONE

THERE HAVE BEEN 8,000 WHALE TRANSACTIONS IN 1 MONTH ON ONE EXCHANGE ALONE

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The whales haven't stopped lately. There were 8,000 whale transactions on just 1 exchange in June. 

Over 8,000 large bitcoin transactions took place in June on the cryptocurrency exchange OKEx. Described as” whale transactions, " these transactions took place on OKEx in June, more than any other exchange. According to Kaiko data,the largest of these transactions was 513.1 BTC.

Preferences Of Whales

The whale operations cover operations of 10 BTC and above, according to Kaiko, who shared the data. However, the average size of whaling operations at OKEx was 33 BTC.

On the other hand, according to Kaiko's statements, the BTC/USDT trading pair is supported in the stock market, compared to only the BTC/USD trading pair is supported in much more Whale trading. In other words, when a general evaluation is made, cryptocurrency/cryptocurrency transactions are more preferred than cryptocurrency/traditional currency transactions. Because cryptocurrency transactions are happening both much faster and much cheaper.

Bidders ' Stock Exchange

Interestingly, the volume of whale purchase orders at OKEx was almost twice the volume of sales orders. One possible explanation, though it is not clear why there is such a difference in buy and sell orders, was due to sellers being more cautious and a tendency to divide their orders into smaller amounts below 10 BTC.

In addition, OKEx CEO Jay Hao said in a statement that the key to success is customer service. It seems the whales think the same way as Hao.

Also, OKEx could be a step forward for users with the cryptocurrencies it lists. For example, the last time he listed compound, he met a user request.


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