Bitcoin Exchange Netflow-To-Reserve Ratio: New Metric Reveals BTC Accumulation
Bitcoin is currently navigating a volatile phase, consolidating below the $100,000 mark after failing to hold it as a key support level. This recent setback has sparked uncertainty among investors, but the future still looks promising. Related Reading: Are BTC Holders Waking Up? Exchange Deposits Crash To Lowest Levels Since 2016 Despite the short-term turbulence, […]
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Bitcoin continues to demonstrate resilience, holding above crucial demand levels after its recent decline from all-time highs. While the market grapples with negative sentiment and a wave of bearish predictions, BTC price action remains steady, offering hope to investors eyeing a potential recovery. Related Reading: Bitcoin Exchange Netflow-To-Reserve Ratio: New Metric Reveals BTC Accumulation Adding […]
On-chain data shows the Bitcoin exchange netflow has observed a sharp positive spike recently, a sign that could be bearish for the crypto’s price. Bitcoin All Exchanges Netflow Spikes Up Following 9% Inflation Report As pointed out by an analyst in a CryptoQuant post, exchanges have recently seen a large amount of BTC deposits. The “all exchanges netflow” is an indicator that measures the net amount of Bitcoin entering or exiting wallets of all centralized exchanges as a whole. The metric’s value is calculated by simply taking the difference between the inflows and....
On-chain data shows the Bitcoin exchange netflow has remained at negative values recently, which could play in the favor of the asset. Exchanges Have Been Seeing Net Bitcoin Outflows Recently An analyst in a CryptoQuant Quicktake post explained that investors have been withdrawing their coins from exchanges recently. The relevant indicator here is the “exchange netflow,” which measures the net amount of Bitcoin currently moving into or out of the wallets of all centralized exchanges. The metric’s value is calculated as the outflows subtracted from the inflows. When this....
Percentage of the Bitcoin supply on exchanges has dipped further down to 12% recently, as the supply shock continues to deepen. Just 12% Of Bitcoin Supply Is Now Held By Exchanges As pointed out by an analyst in a CryptoQuant post, the percentage of BTC supply stored on exchanges has now dropped down to just 12%. The all exchanges reserve is an on-chain indictor that measures the total amount of Bitcoin currently held by wallets of all exchanges. The “percentage of BTC supply on exchanges” is a metric that tells us the ratio between the exchange reserve and the total supply of....
Quant says some Bitcoin indicators show the same trend as in during Q4 2020, suggesting that BTC could make a similar move up. Bitcoin Netflow And Stablecoins Supply Ratio Trends Look Similar To Q4 2020 As explained by an analyst in a CryptoQuant post, two BTC indicators: the netflow and the stablecoins supply ratio, are both trending similarly to how they did during the last quarter of 2020. The Bitcoin netflow indicator shows the net number of coins entering or exiting exchanges. Its value is calculated by taking the difference between the outflows and the inflows. When the metric....