Tag Archives: Bitcoin Exchange Inflow

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

Posted on by — No Comments ↓

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

Posted on by — No Comments ↓

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?

Posted on by — No Comments ↓

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?→