Bitcoin Bullish Signal: Exchange Outflows Spike Up
On-chain data shows the Bitcoin exchange outflows have spiked up recently, a sign that could prove to be bullish for the crypto’s price. Bitcoin Exchange Netflow Has Observed Deep Red Values In Recent Days As pointed out by an analyst in a CryptoQuant post, investors have withdrawn more than 60k BTC from exchanges recently. The relevant indicator here is the “all exchanges netflow,” which measures the net amount of Bitcoin entering or exiting wallets of all centralized exchanges. The metric’s value is simply calculated by taking the difference between the inflows....
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On-chain data shows despite the Bitcoin drop to $47k, Coinbase saw outflows of around 31k BTC, a sign that the market could still be bullish. Outflows Of 31k BTC On Crypto Exchange Coinbase As pointed out by a CryptoQuant post, the popular crypto exchange Coinbase has observed huge Bitcoin outflows today. As is apparent from the name, the “outflows” indicator shows the amount of BTC transferred from an exchange to personal wallets. A huge spike in the metric’s value means big investors are moving their Bitcoin out of exchanges either to hodl or for selling through OTC....
On-chain data shows crypto exchange Coinbase saw a withdrawal of 400k Ethereum yesterday. This could be a sign of activity from institutional investors, and could prove to be bullish for the coin. Coinbase Observes Outflow Of 400,000 ETH As pointed out by a CryptoQuant post, about 400k ETH (1.5 billion at the current exchange rate) was withdrawn yesterday from the crypto exchange Coinbase. The indicator used here is the Ethereum outflow, which shows the total number of coins exiting wallets of the exchange. When the metric shows a big spike, it means a lot of ETH was withdrawn from the....
On-chain data shows massive Ethereum outflows of 60k ETH on spot exchanges. Such deeply negative netflows could be a bullish signal for the coin. Ethereum All Exchanges Netflow Shows Huge Negative Spike As pointed out by a CryptoQuant post, the Ethereum all exchanges netflow showed a negative spike yesterday as 60k ETH exited exchanges. The all exchanges netflow is an indicator that’s defined as the difference between the exchange inflows and the outflows. The “inflow” is the amount of Ethereum moving into exchanges from personal wallets. An increase in this value implies....
On-chain data shows a sharp spike in the Bitcoin exchange outflows, suggesting whales have been buying the dip to $39k. Bitcoin Exchange Outflows Show High Value Suggesting Whale Activity As pointed out by an analyst in a CryptoQuant post, the BTC exchange outflows have registered a large spike recently. The “exchange outflows” is an indicator that measures the total amount of Bitcoin currently exiting wallets of all exchanges. When the value of this indicator is high, it means investors are withdrawing a large amount of coins at the moment. Especially large values can imply....
Bitcoin has enjoyed some uptrend over the past day as the crypto once again visits the $44k price level. On-chain data suggests that an uptick in exchange outflows may be behind the move. Bitcoin Exchange Outflows Observe A Spike In The Past Couple Of Days As pointed out by an analyst in a CryptoQuant post, the BTC exchange outflows have showed raised values recently. The “all exchanges outflow” is an indicator that measures the total amount of Bitcoin exiting wallets of all exchanges. When the value of the metric goes up, it means more BTC is currently exiting exchanges. Such....