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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OKEx appears to suffer customer outflows after lifting of five-week withdrawal suspension, highlighting the existential threat of operational risk.
The OKEx drama shows just how immature crypto markets are compared to traditional ones, but it also highlights their overall resilience.
About 2,822 bitcoins were moved from OKEx within 15 minutes of withdrawals restarting.
Institutional investor interest in bitcoin has mainly been fluctuating in the last month. As the market has gone through the different phases of bull and bear market, so have the sentiment of investors gone through positive and negative. For the past week, though, it seems the latter had eventually won through as outflows had rocked bitcoin, even at a time when the digital asset had done a relatively good job of holding above $20,000. Bitcoin Sees $21 Million In Outflows The most recent report from CoinShares regarding the investments of institutional investors shows a unique perspective....