Tag Archives: Bitcoin Exchange Inflow

Bitcoin Could See Short-Term Pullback Following Price Rebound — Analyst

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On April 17th, Bitcoin rose by 2.77%, after Iran declared the Strait of Hormuz commercially open for the rest of its 10-day ceasefire with the US. With the market anticipating further upward movement, an on-chain analysis suggests a retracement could be the next event. On-Chain Metrics Signal Imminent BTC Pullback In a recent QuickTake post… Continue reading Bitcoin Could See Short-Term Pullback Following Price Rebound — Analyst→

Bitcoin Exchange Inflow Hits $2 Billion As Profit-Taking Phase Lingers

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After days of intense bearish action, the price of Bitcoin appears to be entering a calmer state, as it recovers above the $86,000 level. The latest on-chain data shows that several investors tried to take some profit in the past week, providing a basis for the premier cryptocurrency registering a double-digit loss.  Bitcoin Exchange Inflow… Continue reading Bitcoin Exchange Inflow Hits $2 Billion As Profit-Taking Phase Lingers→

Bitcoin Plummets To $59,000, On-Chain Data Reveals Why

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Bitcoin has observed a plunge to the $59,000 level during the past day. Here’s what could be behind it, according to on-chain data. Bitcoin Exchange Inflow Spiked Just Before The Crash In a newExchange Inflow is an on-chain metric that tracks the total amount of assets being transferred into the wallets of centralized exchanges. Investors deposit many… Continue reading Bitcoin Plummets To $59,000, On-Chain Data Reveals Why→

Bitcoin Inflow To Exchanges At 2016 Levels, Impact On Price Will Be Low Even If Mt. Gox Sells

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Bitcoin briefly shot over $70,000 yesterday before plunging below $69,000 to spot rates. While there are hints of weakness, one analyst on X notes that inflow to exchanges like Binance and OKX is subdued, meaning that users are not keen to sell despite prices tanking and failing to break $72,000. Bitcoin Inflow To Exchanges Remain… Continue reading Bitcoin Inflow To Exchanges At 2016 Levels, Impact On Price Will Be Low Even If Mt. Gox Sells→

Bitcoin Whales Showing Different Behavior From Past Cycles, But Why?

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On-chain data suggests the Bitcoin whales have been showing different behavior regarding exchange inflows from the last cycle. Here’s why this may be so. Bitcoin Whales Are Showing Different Behavior In Exchange Inflows This Time As an analyst explained in a CryptoQuant Quicktake post, the BTC whales’ movements have been different this time compared to… Continue reading Bitcoin Whales Showing Different Behavior From Past Cycles, But Why?→