Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off
It seems weak hands are not done selling, and data hints that institutions, as ever, are reaping the benefits. Bitcoin (BTC) hit fresh local lows on Feb. 26 despite what appear to be ongoing largescal institutional buy-ins.New lows despite bullish signsData from Cointelegraph Markets and TradingView showed BTC/USD $44,150 during Friday trading — last seen two weeks ago — after a rebound to $50,000 fizzled overnight.Bitcoin had seen good news in the form of asset manager Stone Ridge planning to become the first Bitcoin mutual fund, along with major corporate purchases from MicroStrategy and....
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On 17th March, Coinbase made the announcement that they were introducing stop orders to their Coinbase Exchange service, via a post on the Coinbase blog. Stop Orders Limit Losses. Investopedia defines a stop order as “an order to buy or sell a security when its price surpasses a particular point, thus ensuring a greater probability of achieving a predetermined entry or exit price, limiting the investor's loss or locking in his or her profit.” In the context of Bitcoin, “stop orders allow customers to buy or sell Bitcoin at a specified price. This order type helps traders protect profits,....
On-chain data shows despite the Bitcoin drop to $47k, Coinbase saw outflows of around 31k BTC, a sign that the market could still be bullish. Outflows Of 31k BTC On Crypto Exchange Coinbase As pointed out by a CryptoQuant post, the popular crypto exchange Coinbase has observed huge Bitcoin outflows today. As is apparent from the name, the “outflows” indicator shows the amount of BTC transferred from an exchange to personal wallets. A huge spike in the metric’s value means big investors are moving their Bitcoin out of exchanges either to hodl or for selling through OTC....
Coinbase was recently in news for introducing Stop Loss feature on its exchange platform. Read further to know more about Stop Loss. Coinbase recently announced the integration of ‘Stop Order’ function which allows its users to trade bitcoin in a convenient fashion without having to deal with drastic price fluctuations. What Is a Stop Order and Why Is It Important? To begin with, a stop order is a feature that allows users to buy or sell any asset on a trading platform when the target asset’s value reaches a particular price point of choice. Stop orders are also known as stop-loss orders.....
Leading bitcoin wallet and exchange services provider Coinbase has announced stop orders, a new feature that will allow customers to buy or sell the cryptocurrency at a previously specified set price in the Coinbase Exchange. Bitcoin services provider Coinbase has now added stop orders as a new feature to its exchange, enabling users to buy and sell bitcoin at a pre-determined set price. The feature will help allow traders to protect profits and limit losses, as well as initiate new positions and parameters when the market breaks out one way or another, as Coinbase puts it. The feature is....
On-chain data shows the crypto exchange Coinbase observed 38k BTC in outflows shortly before Bitcoin recovered back above $30k. Bitcoin Netflow For Coinbase Pro Shows Deep Negative Spikes As pointed out by an analyst in a CryptoQuant post, outflows from Coinbase Pro wallets measured to around 38k BTC yesterday. The relevant metric here is the […]