Bitcoin Exchange Inflows Rise to Highest Levels of 2021: Why It Matters
As Bitcoin extended its losses from the previous week, its inflows to cryptocurrency exchanges surged to the highest levels seen in a year — perhaps a telling sign that institutional and retail investors are liquidating their positions en-masse. According to on-chain analytics site Glassnode, crypto exchanges saw a net inflow of 32,274.05 BTC. Net inflows […]
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Bitcoin on-chain data shows exchanges this week have observed the largest inflows since July 2021, taking the price of the crypto to $33k. Bitcoin Exchange Inflows Spike Up To Highest Value Since July 2021 As pointed out by an analyst in a CryptoQuant post, the BTC exchange inflows have observed a sharp increase recently. The “all exchanges inflow” is an indicator that measures the total amount of Bitcoin moving into exchange wallets. When the value of this metric rises, it means an increasing number of coins are moving into exchanges. Such a trend may be bearish for the price....
On-chain data shows Bitcoin exchange inflows have continued their recent sharp rise as the price of the crypto drops further. 7-Day MA Bitcoin Exchange Inflow Continues To Point Up As pointed out by an analyst in a CryptoQuant post, BTC inflows are steeply rising as the selloff in the market rages on. The “exchange inflow” […]
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