Despite Dips, Bitcoin Exchange Reserves Reach Lowest Values Since 2018
On-chain data shows Bitcoin exchange reserves continue to decline despite the recent dips, as values reach lowest since 2018. Bitcoin Exchange Reserves Continue To Go Down As pointed out by a CryptoQuant post, the BTC all exchanges reserve is moving down despite the recent downtrend in the price of the cryptocurrency. The Bitcoin all exchanges reserve is an indicator that shows the total amount of coins held on all centralized exchange wallets. A dip in the value of the metric suggests investors are transferring their BTC to personal wallets, either for holding or for selling through OTC....
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Data shows the Bitcoin fear and greed index has been pointing towards fear lately, something that might keep buyers from the Halloween Effect. The Bitcoin Fear And Greed Index Points At Fear The BTC fear and greed index is an indicator that measures the sentiment and emotions of the market based on various sources, and displays them on a numeric meter. The metric uses a system with 0-100 as values, where low values indicate fear in the market, and higher ones show greed. Extreme fear and greed occur when the indicator shows very low or very high values, respectively. Periods of fear....
On-chain data shows Bitcoin exchange reserves have hit the lowest value in 3 years, here’s what it might mean for BTC’s price. Bitcoin Exchange Reserves Lowest In 3 Years As Negative Netflows Continue As pointed out by a CryptoQuant post, exchange reserves have been continuing their downtrend, and have now reached lows not seen since 3 years ago. The all exchanges reserve is an indicator that shows the total amount of Bitcoin held in wallets of all centralized exchanges. An increase in the metric’s value suggests more investors are depositing their coins for withdrawing....
Bitcoin spot reserves continue the recent trend of decline as values now stand at the lowest since October 2017. This shows the supply shock is tightening its grip. Bitcoin Supply Shock Narrative Grows Further As Spot Reserves Decline To October 2017 Levels As pointed out by a CryptoQuant post, BTC spot reserves have dropped down to lows not seen since October 2017. The spot reserves is a Bitcoin indicator that shows the total amount of coins held on wallets of all spot exchanges. When the value of the metric goes up, it means there is now an increase in the supply of BTC for selling and....
Bitcoin price is down nearly $10,000 from its 2021 high, but thus far support at $30,000 has held strong. As analysts search for a sign that the bottom of the current correction is in, one important fundamental factor matches up almost perfectly with the December 2018 bear market bottom. Is this the end of the correction and the uptrend will soon resume? Here’s what you need to know. Bitcoin On Exchanges Falls to Lowest Point […]
On-chain data shows the Bitcoin exchange reserve has taken a further beating this March, and has now reached the lowest value since August 2018. Bitcoin Exchange Reserve Loses 96k BTC Over The Past Month As per the latest weekly report from Glassnode, the BTC exchange reserve lost around 96k BTC over the course of March. […]