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.
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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 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....
On-chain data shows the Bitcoin exchange inflows have spiked up over the last day, something that could prove to be bearish for the price of the crypto. Bitcoin Exchange Inflow Mean Has Observed Two Spikes In The Past 24 Hours As pointed out by an analyst in a CryptoQuant post, the two exchange inflow mean spikes amounted to around 21 BTC and 17 BTC respectively. The “exchange inflow mean” is an indicator that measures the mean amount of Bitcoin being transferred to the wallets of centralized exchanges per transaction. It’s different from the normal inflow metric in that....
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....
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