Bitcoin Exchange Net Flows Signal Continued Accumulation – Investors Favor Ho...
Bitcoin has seen significant selling pressure recently, following a strong push above the $100K mark. The flagship cryptocurrency briefly celebrated a major milestone before dropping sharply to a low of $92,500 within three days. This rapid decline has sparked concerns among investors and analysts about the sustainability of Bitcoin’s recent gains. Despite the dramatic price […]
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Bitcoin and Ethereum outflows from centralized exchanges have been pointing toward a growing accumulation trend among investors. This saw billions of dollars worth of coins leaving exchanges weekly as investors moved them out. Even now, the exchange outflows have continued despite the recovery in the price of bitcoin and Ethereum, showing that investors are not slowing down their buying. Bitcoin, Ethereum Net Flows Still Negative The exchange net flows for the past two weeks have been coming out negative for both Bitcoin and Ethereum. The same has been the case on a daily basis where....
Bitcoin daily exchange net flows have been erratic for the last month, to say the least. This is due to the numerous swings between dumping and stacking being done by investors in the space, all of which have affected the price of the digital asset in their own way. However, the net flows have begun to find a balance and it is unfortunately not a positive one. Outflows Start To Dominate The inflows and outflows for the last day have not been alarming in a way but the fact that it continues to skew towards inflows which us a testament to the sell-offs that have rocked the place. The data....
Ethereum has gained a few percent since the lows of last week. The coin currently trades for $380 but peaked earlier today at $385. This price action has been underscored by reports that mass Ethereum accumulation has been taking place. Leading crypto analytics firm Santiment reports that ETH is leaving exchange wallets en-masse, suggesting accumulation and long-term confidence. The firm recently wrote: “ETH’s top 10 whale exchange addresses have continued swapping their funds to non-exchange […]
Bitcoin accumulation patterns continue to point to the fact that the recent rally might not be ending anytime soon. Investors have continued to hoard assets as the volume of bitcoins sent to exchanges to be sold off or traded falls below the accumulation rate. Outflows from exchanges have continued to exceed inflows into exchanges. Signaling accumulation patterns rather than sell patterns. Related Reading | On-Chain Expert Predicts $162K Bitcoin Peak This Cycle Wednesday saw the price of bitcoin dropping below $38,000 to be trading in the $37,000 range. Inflows of 11.3K BTC to....
Bitcoin fell from $36,000 to $34,000 Wednesday morning, despite continued buying from investors.