Bitcoin Bearish Signal: Exchange Netflows Spike Up
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....
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On-chain data shows Bitcoin netflows have observed a sharp negative spike recently, a sign that could be bullish for the crypto. Bitcoin Netflows Show 13.7k BTC Exited Exchanges In A Single Day As pointed out by an analyst in a CryptoQuant post, the BTC netflow has observed a sharp negative value recently. The “all exchanges […]
On-chain data shows the Ethereum netflows are sharply turning positive, a sign that could prove to be bearish for the crypto. Ethereum Exchange Reserve Rises As Netflows Become Positive As pointed out by an analyst in a CryptoQuant post, exchanges have observed net ETH inflows recently, swelling up their reserves. The “all exchanges netflow” is an indicator that measures the net amount of Ethereum moving into or out of wallets of all exchanges. The metric’s value is calculated by taking the difference between the inflows and the outflows. When the value of the indicator....
As Bitcoin once again breaks past the $51k mark, on-chain data suggests more than 20k BTC exited exchanges before this price move. Bitcoin Netflows Say Around 20k BTC Flowed Out Of All Exchanges Yesterday As pointed out by a CryptoQuant post, netflows amounted to 20k BTC exiting exchanges yesterday, the largest spike since September. The “all exchanges netflow” is an on-chain indicator that measures the net amount of Bitcoin going into or out of wallets of all exchanges. The metric’s value is calculated by simply taking the difference between the inflows and the outflows.....
Bitcoin shows negative exchange netflows on CryptoQuant charts recently, an indicator that a bull run might be coming soon. Negative Exchange Netflows Bitcoin exchange netflow is an indicator that highlights whether more BTC is moving into exchanges than out. A more technical definition of the term is that it’s the difference of the exchange inflows […]
On-chain analysis shows that crypto exchange Gemini observed huge Bitcoin inflows just before the plunge down to $38k. Huge Bitcoin Inflows To Gemini As pointed out by a CryptoQuant post, crypto exchange Gemini saw huge inflows earlier today resulting in a positive spike in the netflows. Before examining the data, here are some quick definitions for the relevant terms. The exchange inflow is the amount of BTC sent from personal wallets to the exchange platform. Similarly, the outflow is the BTC that was transferred out of exchanges to personal wallets. The netflow is just the difference....