HomeCoinsBitcoin (BTC)How Bitcoin Exchange Outflows Rose In January

How Bitcoin Exchange Outflows Rose In January

- Advertisement -


As we’ve discussed in previous Daily Dives, March 2020 was a significant catalyst and turning point for bitcoin. We can see that in the behavior of exchange balances which have shown consistent net outflow over the last two years.

The two most recent periods of significant inflows were right before both 2021 bitcoin local price tops. These tops in April and November coincided with the previous month showing net exchange inflows of bitcoin in both March and October.

January was the largest outflow month since September 2021. Keeping an eye on exchange flow dynamics can help us track demand sentiment and when that is fundamentally changing for market participants.

First published here

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,579FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 43,747.00
ethereum
Ethereum (ETH) $ 3,104.26
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 339.16
litecoin
Litecoin (LTC) $ 138.19
eos
EOS (EOS) $ 2.66
okb
OKB (OKB) $ 23.26
tezos
Tezos (XTZ) $ 4.44
leo-token
LEO Token (LEO) $ 7.50
cardano
Cardano (ADA) $ 1.19
monero
Monero (XMR) $ 179.06
stellar
Stellar (XLM) $ 0.239716
chainlink
Chainlink (LINK) $ 18.12
huobi-token
Huobi Token (HT) $ 10.04
tron
TRON (TRX) $ 0.068404
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 113.99
neo
NEO (NEO) $ 23.30
iota
IOTA (MIOTA) $ 1.03
nem
NEM (XEM) $ 0.11702
zcash
Zcash (ZEC) $ 131.39
maker
Maker (MKR) $ 2,188.25
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 33.39
vechain
VeChain (VET) $ 0.064565
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 46.05
kucoin-shares
KuCoin Token (KCS) $ 20.34
waves
Waves (WAVES) $ 10.59