Bitcoin recently failed to overcome the $97,000 resistance following its price surge seen in mid-January. At the moment, the leading cryptocurrency has taken on a state of inertia, with no significant movement in either direction seen. However, an investigation of on-chain dynamics has recently revealed that trouble might be looming for the flagship cryptocurrency. Sudden…
Tag: Bitcoin Exchange Inflows
Bitcoin Short-Term Holders Take Profits: 41,800 BTC Sent To Exchanges
On-chain data shows Bitcoin short-term holders have transferred a large amount of tokens to exchanges alongside the asset’s recovery rally. Bitcoin Short-Term Holders Have Made Profit Transactions To Exchanges In a new short-term holders (STHs). STHs include the BTC investors who purchased their coins within the past 155 days. They make up for one of…
Bitcoin Selloff: $2.2 Billion In BTC Floods Exchanges
On-chain data shows exchanges have received heavy Bitcoin inflows over the last couple of weeks, a potential factor behind the asset’s bearish action. Bitcoin Supply On Exchanges Has Been Trending Up Recently In a new Supply on Exchanges” here is an on-chain indicator from the analytics firm Santiment that keeps track of the total amount…
Bitcoin Defies Bears: Price Nears $108,000 Despite $250M Exchange Inflows
On-chain data shows the exchanges recently received a large amount of Bitcoin inflows, but so far, the asset’s price has only been going up. Bitcoin Has Seen A Spike In Exchange Inflows Recently In a new Exchange Netflow is an on-chain indicator that keeps track of the net amount of the asset that’s moving into…