Bitcoin Shows Steady Stream Of Outflows On Binance — What This Means
Over the past couple of weeks, Bitcoin has been moving to reclaim its past key levels around $70,000 and $75,000. Interestingly, on-chain data suggests that this may be due to a steady influx of new demand. Related Reading: Here’s Why The Bitcoin Price Fell Below The $70,000 Level Again Approximately $55M In BTC Exits Binance […]
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On-chain analysis shows huge Bitcoin outflows from crypto exchange Binance. BTC might keep the rally up and break $40k. Huge Bitcoin Outflows On Binance As pointed out by a CryptoQuant post, the crypto exchange has observed huge outflows of BTC on Monday. The Binance Outflows indicator shows the amount of Bitcoin transferred from the Binance exchange wallets to personal or other exchange wallets. On the other hand, the inflows show how many BTC were sent into Binance wallets from other types of wallets. The indicator of most interest here is the the Binance Bitcoin netflow, which is just....
Bitcoin on-chain data shows that the BTC outflows have been gradually heading downwards recently, hinting that a crash could be coming soon. On-Chain Data Shows BTC Outflows Continue To Decrease As pointed out by an Analyst on Twitter, on-chain data reveals Bitcoin outflows have been gradually going down in the past month. The relevant metric here is the BTC netflows. This indicator shows the net amount of coins exiting or entering exchange wallets. Its value is calculated by taking the difference between the inflows and the outflows. When the netflow shows negative values, it means....
The XRP ETFs continue to see significant demand despite the current bear market conditions, with XRP on the decline. These funds are also outperforming the Bitcoin and Ethereum ETFs, which are seeing outflows as BTC and ETH trend downwards. XRP ETFs Record Steady Inflows Even As Price Declines SoSoValue data shows that the XRP ETFs […]
XRP is sending out an interesting on-chain signal at a time when its price is still struggling to build a convincing recovery above $1.3. A closely monitored on-chain metric tracking the behavioral gap between XRP’s largest holders and its retail base has collapsed to its lowest reading in more than two years. The data, sourced from blockchain analytics platform CryptoQuant, points to a structural shift in how XRP is flowing out of Binance, with the Binance Whale vs. Retail Spread for XRP falling to 88.3%, its lowest level in more than two years. XRP Whale Vs. Retail Spread Hits A....
On-chain data shows Bitcoin selling on the crypto exchange Binance has started to weaken in recent weeks as outflows have shot up. Binance Has Observed Negative Bitcoin Netflows Recently As pointed out by an analyst in a CryptoQuant post, the world’s largest crypto exchange by trading volume, Binance, has seen a decline in BTC dumping […]