Bitcoin Slips To $27,500 As Kraken Receives Largest Inflow Since 2018
Bitcoin has dropped to $27,500 today as on-chain data shows Kraken’s cryptocurrency exchange has received its largest deposit since 2018. A Large Amount Of Bitcoin Has Entered Kraken In The Past Day An analyst in a CryptoQuant Quicktake post explained that the Kraken platform has observed a historic inflow of 14,924 BTC during the past […]
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Bitcoin on-chain data shows exchanges this week have observed the largest inflows since July 2021, taking the price of the crypto to $33k. Bitcoin Exchange Inflows Spike Up To Highest Value Since July 2021 As pointed out by an analyst in a CryptoQuant post, the BTC exchange inflows have observed a sharp increase recently. The “all exchanges inflow” is an indicator that measures the total amount of Bitcoin moving into exchange wallets. When the value of this metric rises, it means an increasing number of coins are moving into exchanges. Such a trend may be bearish for the price....
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Ethereum, the second largest cryptocurrency asset, is currently in the limelight as crypto investors have recently demonstrated their renewed interest in and adoption of the historical Spot Ethereum Exchange-Traded Funds (ETFs). Millions of dollars were seen flowing into the products after the market concluded on Wednesday. The inflow is considered a bullish indication for ETH, […]
According to data from the on-chain transaction tracker Lookonchain, the Ethereum Foundation recently made a significant move by depositing 35,000 ETH, valued at $94.07 million, into crypto exchange Kraken. This substantial transaction has raised concerns within the Ethereum investor community, particularly since it occurred during a minor crypto market rally as the week came to […]