$740M in Bitcoin exits exchanges, the biggest outflow since June's BTC price ...
Bitcoin price technicals, however, remain bearish for with the BTC price eyeing a run-down toward $14,000 in Q4. The amount of Bitcoin (BTC) flowing out of cryptocurrency exchanges picked up momentum on Oct. 18, hinting at weakening sell-pressure that could help BTC price avoid a deeper correction below $18,000.Bitcoin forming a "bear market floor"Over 37,800 BTC left crypto exchanges on Oct. 18, according to data tracked by CryptoQuant. This marks the biggest Bitcoin daily outflow since June 17, on which traders withdrew nearly 68,000 BTC from exchanges.Moreover, over 121,000 BTC, or....
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Data shows Bitcoin saw the largest monthly outflow from exchanges in history this June as 151k BTC flew off centralized wallets. Bitcoin Netflow Shows 151k BTC Exited Exchanges In June As per the latest weekly report from Glassnode, BTC observed in June the largest ever monthly outflow from exchanges. The “exchange net position change” is […]
Bitcoin outflows have shown a spike amounting to 30k BTC today, leading to a plunge in the all exchanges reserve. Bitcoin Netflow Shows Deep Negative Spike As 30k BTC Exits Exchanges As pointed out by an analyst in a CryptoQuant post, the BTC exchange netflow showed a large negative spike earlier today. The “outflow” is a measure of the total amount of Bitcoin exiting wallets of all exchanges. Similarly, the number of coins being deposited to exchanges is the “inflow.” The difference between the inflow and the outflow is called the netflow. This indicator tells us....
A look at what increasing capital outflow from China suggests about bitcoin adoption, and what implications a Chinese slowdown might have for the bitcoin price going forward. At the end of last month, we learnt that Chinese capital outflows during 2015 totaled $676 billion net. The data marks only the third net capital outflow since the turn of the millennium, and by far the biggest, with the other two coming in at less than $140 million net (2012,2014). The outflow comes against a backdrop of wider economic weakness in China and emerging markets, and quantifiably highlights China’s....
June was the largest outflow month for bitcoin leaving exchanges, bringing the remaining balance across exchanges to about 2.4 million bitcoin.
Bitcoin on-chain data shows that miners have transferred a huge amount of coins to cryptocurrency exchanges. On-chain Data Suggests Miners Transferred 11,816 BTC To Exchanges As pointed out by a CryptoQuant post, 20 July saw a huge outflow from Bitcoin miners. The total outflow from that day is around 12k. Here is a chart that illustrates the trend in all miners BTC outflow over the last one year: BTC miner outflow seems to have spiked There are a few interesting features in the chart. This sudden rise of almost 12k BTC observed on Wednesday is the most since May, when the price of the....