OKEx Sees Massive Bitcoin Outflows as BTC Weakness Mounts
Bitcoin’s price has been flashing signs of immense weakness throughout the past few days, with the recent $19,500 rejections sending it reeling lower as analysts watch for further downside. The rejection just below its all-time highs was certainly what sparked the ongoing correction, but some other factors are at play here. One such factor is […]
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A trend of underperformance against Bitcoin has plagued Ethereum as of late, which has caused buyers to show signs of capitulation Where the ETH trends in the mid-term should depend largely, if not entirely, on whether or not BTC continues rising in isolations Bitcoin’s massive rise as of late has not done much to boost altcoins, as many are still showing signs of weakness at the moment This weakness has been apparent while looking towards […]
OKEx appears to suffer customer outflows after lifting of five-week withdrawal suspension, highlighting the existential threat of operational risk.
About 2,822 bitcoins were moved from OKEx within 15 minutes of withdrawals restarting.
The OKEx drama shows just how immature crypto markets are compared to traditional ones, but it also highlights their overall resilience.
OKEx continues a spree of new token additions throughout the year. In just the past few weeks, the crypto spot and derivatives exchange-listed up Mina Protocol MINA, as well as community vote winner meme tokens AKITA and KISHU. OKEx has also been securing global partnerships to strengthen its network. Now, OKEx is announcing its latest […]