Bitcoin Monthly Outflows Reach Historically High Value
On-chain data shows the Bitcoin monthly outflows have recently reached values only seen a few times before in the crypto’s entire history. Bitcoin Exchange Outflows Now Have A Value Of 96.2k BTC Per Month According to the latest weekly report from Glassnode, a historically high amount of BTC has exited all exchange wallets recently. The relevant indicator here is the “exchange net position change,” which tells us the net amount of Bitcoin exiting or entering wallets of all exchanges. The metric’s value is simply calculated by taking the difference between the....
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Bitcoin ETPs have become more popular than ever since the SEC approved multiple bitcoin ETPs in the fourth quarter of 2021. They had subsequently had a good run with hundreds of millions of dollars flowing into these ETPs. They provided a way for institutional investors and others who didn’t want any direct exposure to the digital asset to trade on it. However, it seems the wind is starting to change as outflows become the order of the day. Outflows Rock Bitcoin ETPs The market is still reeling from entering a new month but the effects of the month of April continue to linger. Being a....
Centralized exchanges have experienced their heaviest week of Bitcoin withdrawals since November 2020. Bitcoin outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days.According to the Glassnode’s August 2 The Week On-Chain report, Bitcoin outflows have accelerated to a rate exceeding 100,000 BTC per month for just the third time since September 2019. The on-chain analytics provider estimates that just 13.2% of circulating BTC are currently held on exchanges — a new low for 2021.“This represents a....
On-chain data shows Bitcoin reserve outflows have returned to levels seen before BTC’s all-time-high (ATH). These values are comparable to those in November 2020. Bitcoin Reserve Outflows Spike Up As per a report from Arcane Research, BTC reserve outflows have spiked up in the last week as significant amounts of the coin exit exchanges. The […]
Institutional investors have been quite neutral on both bitcoin and the crypto market at large for a while now. This has translated into a mix of inflows and outflows into various digital assets, alternating with each passing week even through the bear market. However, current net flow records show that these large investors are beginning to find their chosen position in the market and it is in the camp of the bears. Bitcoin Sees Outflows Bitcoin had been recording minor inflows in the last month-and-a-half which had been good for the digital asset despite not having much of an impact.....
Data shows the Bitcoin trading volume has continued to remain at low levels this week, weakening the latest rally in the crypto’s price. Bitcoin Spot Trading Volume Has Recently Stabilized At Low Values As per the latest weekly report from Arcane Research, the BTC spot volume has continued to stabilize at relatively low values this week. The “daily trading volume” is an on-chain indicator that measures the total amount of Bitcoin being transacted on the network on any given day. When the value of this metric goes up, it means a higher number of coins are moving on the....