Here’s What Bitcoin Exchange Inventory Levels Means For The Bull Rally
Bitcoin exchange inventory level is a good way to gauge market sentiment towards the cryptocurrency. Inflows to exchanges in the past have usually indicated strong sell sentiment. Stemming from investors wanting to cash out the profits that they have made. This is usually the case during bull markets when prices go up. But for the first time, bitcoin exchange inventory levels are declining even though the price of the digital asset is on the rise. Related Reading | Hot Bitcoin Summer. But Why Altcoins Are On The Rebound Numbers show that bitcoin exchange levels are not rising....
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The term "Just in Time Inventory" was coined to refer to the efficiency businesses could gain by not tying up their funds in inventory that sat around on warehouse shelves until the product was needed. The problem of maintaining inventory is that it ties up cash you might otherwise need for productive uses. Sitting on shelves waiting to be purchased or used in assembly is not. New efficiency models started in the 1950s Japan to proceed with new processes and rules that aimed for perfect timing for all business operations. The term "Just in Time" was eventually popularized to be applicable....
Data shows that the Paper Bitcoin inventory on exchanges has been on a decline recently. Here’s what it could imply for the cryptocurrency’s price. Bitcoin Inventory On Exchanges Has Seen A Drawdown Recently In a new post on X, analyst Willy Woo has discussed the latest trend in the Bitcoin inventory sitting on centralized exchanges. Such platforms have two types of reserves: Spot BTC and Paper BTC. Related Reading: Why Is Bitcoin Price Down Today? Key Reasons Explained The former of these is simply the actual tokens that the exchanges are holding on behalf of their users. This....
Nasdaq is to release an advertising exchange built on Blockchain technology by the end of the year. The New York Interactive Advertising Exchange (NYIAX) “allows publishers and advertisers to buy, sell and re-trade premium advertising inventory as guaranteed contracts,” its CEO Lou Severine said in a press release on Wednesday. NYIAX will be the first exchange deployed in the cloud which also runs Blockchain technology. In line with other such ventures, Nasdaq hopes the principal benefits will lie in saving time, money and ironing out inefficiencies. Severine notes: “Publishers benefit....
On-chain analysis shows Bitcoin miner reserves seem to be closing in on the ATH seen in May, as the BTC bull rally continues. Bitcoin Miner Reserves Reach Close To May ATH Levels As pointed out by a CryptoQuant post, the BTC miner reserves seem to be on the rise, and look to be close to the levels seen during the 9 May all-time-high (ATH). The BTC miner reserves is an indicator that shows how many coins miners are holding in their wallets. More the value of this metric, less the selling pressure for miners in the market. Related Reading | S2F Creator Beckons Beginning Of Second Leg Of....
Data shows the Bitcoin futures-to-spot trading volume ratio has decreased by 63% since the peak of the last bull market. Here’s what it means. Bitcoin Futures Market Occupying Lower Volume Share This Rally As explained by CryptoQuant founder and CEO Ki Young Ju in a new post on X, the BTC market has appeared to […]