The Bitcoin price appeared to have resumed its bull run as it ran up to a new all-time high on Thursday, August 14. However, this positive momentum was short-lived, as the premier cryptocurrency crashed from the unprecedented high of $124,000 down to around $118,000. The Bitcoin price has struggled to reignite this bullish run over…
Tag: Bitcoin Exchange Netflow
Bitcoin Bullish Signal: $900 Million In BTC Leaves Exchanges
On-chain data shows the exchanges have witnessed net Bitcoin outflows through the latest volatility, a sign that could be positive for BTC’s price. Bitcoin Exchange Netflow Has Been Negative Recently According to data from the market intelligence platform Exchange Netflow,” which measures the net amount of BTC entering into or exiting out of the wallets…
Bitcoin’s Exchange Reserves Plunge—Are We On The Brink Of A Rebound?
Bitcoin is experiencing a challenging period, with its price remaining below the $100,000 mark after a significant drop earlier this week. Today, Bitcoin hovers just above $98,000, marking a nearly 10% decline from its all-time high of over $109,000 recorded last month. Interestingly, while BTC’s price has slowed, its exchange reserve has faced the same…
Bitcoin Sets New ATH Above $104,000, Yet Investors Don’t Want To Sell
Bitcoin has set a new all-time high (ATH) beyond the $104,000 mark during the past day, but on-chain data shows investors are still unwilling to sell. Bitcoin Exchange Netflow Has Remained Negative During Latest Rally As explained by an analyst in a CryptoQuant Quicktake Exchange Netflow,” which, as its name suggests, keeps track of the…