Tag: bitcoin outflow

Jul 28 2022

Heavy Bitcoin Buying In Store Among Whales After Fed Rate Hike?

Jul 28 2022 Published at Coingape under tags  bitcoin (btc) bitcoin outflow news

In the wake of double macro announcements, Fed interest rate hike and GDP figures, cryptocurrency market hardly had any impact. After the Fed announced a 0.75% interest rate increase on Wednesday, Bitcoin jumped around 4%. However, the GDP numbers had less impact with Bitcoin dropping less than 1% after the announcement. Negative GDP growth for...

Jun 27 2022

Institutional Traders Dumped Bitcoin At A Record Pace Last Week

Bitcoin investment products saw record weekly outflows worth $453M, a report by CoinShares reveals. James Butterfill, the head of research at CoinShares, said these outflows were likely responsible for Bitcoin’s $17,760 price that weekend. While all digital asset investment products faced a record-high $423 M weekly outflow, the outflows were mostly focused on Bitcoin. The...

Jun 13 2022

Bitcoin Month-To-Date Outflows Total $91M

Bitcoin remains plagued with a negative market sentiment as shown by recent indicators, including massive month-to-date...

Mar 11 2022

207,000 Bitcoins Have Exited Exchanges From Late July Till Present

Despite the present bearish trend of the market, Bitcoin balances on leading exchanges remain a source of bullish expectations. Glassnode's latest on-chain report notes that aside from a few exchanges, there have been massive outflows of Bitcoin from the market. Bitcoin exchange balances are trending towards relative equilibrium The report, published earlier this week, noted...

Sep 01 2021

Bitcoin Balance on Coinbase Falls to 4 Year Low, Can BTC Supply Shock Push Price Over $50K?

Bitcoin's (BTC) price is trading at $47,188 continuing the consolidation phase under $50K price. The top cryptocurrency breached $50K last week to post a new 3-month high of $50,400, but couldn't solidify its position above the key resistance. It has traded in the $45K-$50K range since then, having formed key on-chain support in the region. The post Bitcoin Balance on Coinbase Falls to...

Jan 18 2021

Bitcoin Price All Set to Move up After two Quiet Weeks, Breaks Binance Whale Sell Wall at $36.5K

Bitcoin price is currently trying to regain its position above $40,000 having spent the past two weeks in the $35k - $40k price range, after experiencing a near 23% drop last Monday. The Bitcoin whales are currently dominating the...

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