According to data from CCData, the buy-sell ratios on Kraken and Coinbase indicate that there is strong buying pressure from large traders seeking to take advantage of perceived discounts in Bitcoin's price. The buy-sell ratio on Kraken is at 250% and on Coinbase is at 123%, indicating more buy orders than sell orders and suggesting a bullish sentiment. In contrast, Bybit and Binance have ratios close to parity, suggesting smaller, frequent trades from retail investors. The average trade size on Kraken and Coinbase is significantly higher than on Bybit and Binance, indicating that the former attract larger trades from institutional or long-term investors. Overall, these findings suggest that Kraken and Coinbase have been the preferred platforms for accumulation by large investors.



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