Bitcoin Spot To Derivatives Flow Spikes Up, Bullish Sign For Price?
Bitcoin spot to derivatives exchange flow has surged up recently, something that has preceded local bottoms for the crypto in the past. Bitcoin All Exchanges To Derivative Exchange Flow Observes Uplift As pointed out by an analyst in a CryptoQuant post, whales have been moving their coins into derivative exchanges recently. The relevant indicator here […]
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On-chain data shows the Bitcoin flow from spot exchanges to derivatives exchanges is currently painting a trend that has historically been bullish for the crypto’s price. Bitcoin Spot To Derivatives Exchanges Flow Starts Sharp Decline As pointed out by an analyst in a CryptoQuant post, the BTC spot to derivatives flow may be hinting at a bullish outcome for the crypto. The “spot exchanges to derivatives exchanges flow” is an indicator that measures the total amount of Bitcoin moving from spot wallets to derivatives wallets. When the value of this metric rises, it means a....
On-chain data shows Bitcoin whales are transferring large amounts to derivatives exchanges right now, a signal that more volatility could be ahead for the crypto. Bitcoin All Exchanges To Derivatives Flow Continues To Show High Value As explained by an analyst in a CryptoQuant post, BTC whale activity on derivatives exchanges still seems to be high. The relevant indicator here is the “all exchanges to derivatives exchanges flow,” which measures the total amount of Bitcoin moving from spot exchange wallets to derivatives. When the value of this metric spikes up, it means whales....
On-chain data shows whales are sending their Bitcoin from spot exchanges to derivatives, indicating that they are building up their positions. Bitcoin Whales Build Up Their Positions On Derivative Exchanges As pointed out by a CryptoQuant post, Bitcoin whales seem to be moving their crypto from spot exchanges to derivative exchanges. The relevant indicator here is the “all exchanges to derivative exchanges flow mean,” which shows the total amount of coins being transferred from spot exchanges to derivative exchanges. When the value of this metric shows continuous high values,....
Analysts believe Bitcoin’s on-chain fundamentals point to a 2017-style bull run Despite an uneventful month for Bitcoin (BTC) price, on-chain metrics suggest that Bitcoin may be gearing for an imminent bull run. Noticeably, the number of Bitcoin held on spot exchanges has been decreasing since the start of the year, according to data from on-chain analytics firms, CryptoQuant, and glassnode.Crypto analyst, Willy Woo, noted that this change in trend is extremely bullish for Bitcoin as it signals an increased demand for the asset and interest in holding it as a store of value. Woo....
Bitcoin has never been so far below where stock-to-flow predictions call for it to be. Bitcoin (BTC) has never been as far below its target price as it is now, the stock-to-flow model shows this week.In a tweet on July 10, Lex Moskovski, chief investment officer at Moskovski Capital, showed stock-to-flow flagging a historic moment in Bitcoin's twelve-year lifetime."Great buying opportunity"With BTC/USD showing few signs of a genuine bullish recovery, the pair has been drifting ever further from the price that the stock-to-flow price model calculates it should have.Stock-to-flow is arguably....