Bitcoin 'held up very well' despite biggest exchange inflow since March 2020 ...
Bitcoin saw a real test of its market composition on Thursday amid a sea of liquidations reminiscent of the events from last year. Bitcoin (BTC) has performed "very well" as traders send more coins to exchanges than at any time since the March 2020 crash.Data from on-chain monitoring resources CryptoQuant and Glassnode shows that BTC exchange inflows hit a one-year high on May 13.Nearly 30,000 BTC hits exchangesBitcoin saw intense pressure from sellers this week as multiple news triggers combined to turn many bearish.Tesla abandoning BTC payments, followed by rumors of an investigation of....
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Bobby Lee, BTCC’s co-founder and CEO recently tweeted a bitcoin price prediction, which is between $5,000 and $11,000 by 2020, after the block reward halving. The entrepreneur, who regularly makes predictions, also stated the daily inflow would scale accordingly – from the current $2 million a day level, up to $5-$10 million a day. #Bitcoin price target in 2020; after block halving: USD $5k-$11k Assuming $5-$10 million daily flow into #BTC by then. (Today: $2m daily in). — Bobby Lee (@bobbyclee) February 26, 2017. Bobby Lee also reminded his 5,600 Twitter followers his “medium-term” price....
236,000 BTC enters trading platforms in a single day amid what one commentator calls "unusual" exchange flows. Bitcoin (BTC) exchanges have seen huge volumes this month as price declines lead to renewed interest in trading.Data from sources including on-chain analytics firm Glassnode shows exchange inflows hitting their highest since March 2020."The scent of volatility is in the air"On Sept. 14, over 236,000 BTC made its way to the 1 major exchanges tracked by Glassnode.This was the largest single-day spike since the chaos that surrounded Bitcoin’s dip to just $3,600 in March 2020.Bitcoin....
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....
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....
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....