Global equity markets extended their decline on May 9 and the S&P 500 fellTo a 52-week new low. (BTC() plunged to a year-to date low, and many major altcoins have continued their fall as they track the weakening stock market.

Glassnode, a blockchain analytics company, has data that shows Bitcoin is thriving.The inflows of capital to central exchanges has increasedThis is the most since February, at more than 1.7million coins. It is possible that whales are selling their possessions to take advantage of a prolonged downtrend.