Over 5,100 Bitcoin Transferred To Exchanges – Potential Market Impact Ahead
Bitcoin is beginning to show signs of recovery after weeks of heavy selling pressure and investor anxiety. Key technical levels have been reclaimed, and the overall market sentiment appears to be shifting from extreme fear to cautious hope. With BTC now holding above the crucial $85,000 mark, bulls are stepping back into the game—but they […]
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The Bitcoin fund flow ratio for all exchanges is on a decline, while BTC transactions are rising. This could suggest a bull market is ahead. Bitcoin Fund Flow Ratio For All Exchanges Goes Down As pointed out by a CryptoQuant post, the BTC fund flow ratio for all exchanges seems to be on a downwards trend. Also, BTC transactions are going up. The Bitcoin fund flow ratio is an indicator that’s defined as the total amount of BTC going into or out of exchanges divided by the total amount of BTC transferred on the whole network. Fund Flow Ratio = Total Exchange Inflows + Outflows in BTC ÷....
Bitcoin on-chain data shows that miners have transferred a huge amount of coins to cryptocurrency exchanges. On-chain Data Suggests Miners Transferred 11,816 BTC To Exchanges As pointed out by a CryptoQuant post, 20 July saw a huge outflow from Bitcoin miners. The total outflow from that day is around 12k. Here is a chart that illustrates the trend in all miners BTC outflow over the last one year: BTC miner outflow seems to have spiked There are a few interesting features in the chart. This sudden rise of almost 12k BTC observed on Wednesday is the most since May, when the price of the....
Bitcoin bulls should brace for a bearish impact as three of the leading on-chain indicators unanimously warn about potential sell-offs in the spot market ahead. CryptoQuant, a South Korea-based blockchain analysis firm, highlighted the latest readings on their proprietary metrics, one of which studies large BTC outflows from miners’ wallets and the other over-the-counter BTC […]
A recent report by Banco Santander discusses the potential impact of Bitcoin adoption on Brazilian banking and financial sector. The number of reports discussing Bitcoin’s impact on mainstream banking and financial sector is overwhelming. Adding to the list is yet another report focused on Brazil, published by Banco Santander. The report titled “Brazil: Banks and Financial Services – To Bitcoin or Not to Bitcoin?” is a result of last month’s meeting with Banco Santander, Mercado Bitcoin — the leading Latin American Bitcoin exchange and local investors. The meeting revolved around the....
Are Ethereum developers to blame for The DAO hack? Is Ethereum’s price ready for long-term growth, or will the negative news negatively impact the ETHUSD market? Time to choose a long-term direction. Cointimes news platform has accused Ethereum developers of being partially guilty in the theft of 750 thousand ETC. The money was distributed across several exchanges. Poloniex was used to withdraw a large part of 500 thousand ETC. The rest 250 thousand were transferred to accounts on the Kraken exchange. However, the exchanges’ administrators have frozen all assets which they’ve received.....