Bitcoin Inflow on Exchanges Touches “Danger Zone” as Price Nears $16K

Bitcoin Inflow on Exchanges Touches “Danger Zone” as Price Nears $16K

Influential Bitcoin traders are moving their funds into spot exchanges as the cryptocurrency rallies towards $16,000.


Related News

Bitcoin price dump ‘not going to happen’ as whales stay off exchanges

The post-BitMEX trading arena is not skewed to selling despite BTC/USD nearing $11,500, CryptoQuant data shows. A Bitcoin (BTC) sell-off and associated price fall are “not going to happen,” a well-known the CEO of a well-known analytics tool has said.In a tweet on Oct. 12, Ki Young Ju, CEO of CryptoQuant, noted that average inflows to exchanges were staying low despite BTC price gains.Ki: Exchange inflows “still in the safe zone”Ki highlighted CryptoQuant’s mean exchange inflow metric, which remains comfortably within the low-risk area, suggesting a low chance of a sell-off.Mean exchange....

Bitcoin price dives back under $16,900 as whale deposits spike again

Bitcoin loses $17,000 as whales started to deposit BTC to exchanges once again. The price of Bitcoin (BTC) dropped below $16,900 again on Nov. 27 across top exchanges, including Binance. The recent pullback comes as whale exchange deposits started to increase.Ki Young Ju, the CEO of CryptoQuant, reported that the All Exchange Inflows Mean indicator reached the “danger zone.” Historically, this caused BTC to suffer short-term corrections.Bitcoin struggles to regain momentum above $17,000After the price of Bitcoin briefly dropped to $16,200 on Nov. 27, it started to show some signs of....

Bitcoin Dump Saw Exchange Inflow Jump Over 1,000%, Whale Address Sells 2,700 ...

On Sunday, February 21, the price of bitcoin touched a new all-time high (ATH) at $58,354 and at the time, inflow into exchanges spiked as well. According to data from the onchain analysis firm, Santiment, stats indicate that exchange inflow jumped 11x on Sunday and data also shows one whale address was responsible for the second-largest bitcoin transaction in 2021. Second-Largest Bitcoin Transaction and 11x the Exchange Flow Shakes the Crypto Market Bitcoin prices jumping to new heights has sparked a lot of crypto market movement in recent months and even ancient UTXOs waking up after....

Yearn.finance Nears Sub-$12,000 “Death Zone” as Analysts Eye Downside

Yearn.finance’s YFI governance token has been facing a relentless selloff throughout the past few days and weeks, with its bulls unable to garner any momentum. There are many reasons why it has been struck so hard despite bullishness seen by Bitcoin and the rest of the crypto market, but this latest selloff has come about […]

Bitcoin Price Drops 5% As 12k BTC Flow Into Binance

On-chain data shows that shortly after crypto exchange Binance observed Bitcoin inflow of around 12k BTC, price fell by almost 5%. Huge Bitcoin Inflow To Binance As pointed out by a CryptoQuant post, inflow of around 12k BTC was seen on Binance, the largest crypto exchange by market volume. The Bitcoin inflow is an indicator that shows the total amount of BTC transferred to a crypto exchange from a personal wallet. As investors usually send their crypto to exchange wallets for cashing out, altcoin purchasing, etc., the indicator’s value going up would imply there is some selling....