Crypto quant exchange inflows

Fewer Bitcoin investors and users are sending their BTC to crypto exchanges. This is according to data from CryptoQuant that highlights that the Bitcoin inflow transaction count of all crypto exchanges has hit a three-year low. The team at CryptoQuant shared this information via the following tweet with an accompanying chart highlighting the drop in Bitcoin transactions into exchanges. At the same time, the amount of Bitcoin stored on crypto exchanges has hit a two year low. This fact was highlighted by the team at Unfolded via the following tweet which includes a chart from Glassnode demonstrating the fact.

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Content:

• Bitcoin Exchange Whale Ratio Hits 90% - Be Careful, CryptoQuant CEO Warns
• These 3 Things Might Happen to Crypto Market According to CryptoQuant CEO
• Binance Registers Massive 14,550.78 Bitcoin Inflow, Will BTC Price Dip Below $30k?
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• Whales are depositing their Bitcoin into exchanges: CryptoQuant CEO Ki-Young Ju
• Bitcoin whales buy at $38K as BTC supply per whale hits 10-year high
• Bitcoin To See $50,000 In The Coming Weeks?

WATCH RELATED VIDEO: Spot Exchanges Inflows Mean (144-block MA)

Bitcoin Exchange Whale Ratio Hits 90% - Be Careful, CryptoQuant CEO Warns

It also highlights the power struggle between the retail-investing masses and a smaller number of deep-pocketed institutional players. An internal transfer might represent a harmless administrative maneuver, not a lurking whale. Leverage positions started getting liquidated as traders sold off.

Several other blockchain data analysts from companies including Chainalysis and Coin Metrics agreed with that conclusion. It will only deliver facts. For the 'dumping' and 'pumping' possibilities based on our analysis, we'll include those in our preset alerts for paid users. It will launch shortly. In other words, the blockchain data alert was spot-on, even if the interpretation might have been off.

A screenshot CryptoQuant sent to CoinDesk shows its email exchange with a Gemini customer-support representative. While the episode highlights the crucial of role of blockchain data in cryptocurrency price predictions, it also points to a theme that keeps coming up throughout markets from digital assets to Wall Street: the never-ending power struggle between the retail-investing masses and a smaller number of deep-pocketed institutional players who often seem to have an unfair advantage.

Retail investors, who might be more susceptible to rash emotional decisions during market downturns, often view themselves as having less power and information while institutions appear to possess more sophisticated trading strategies, with better market access and privileged knowledge.

Ideally, the extra information and the alerts enhance market transparency, ostensibly leveling the playing field. While many may find it hard to read or analyze the blockchain data, the theory is that messaging services like CryptoQuant's should help retail traders avoid outsize losses. Read: intentional manipulation for the big boys to buy back in at a lower price.

Bogus data or not, all it now takes is moving from people wanting to manipulate and all the people watching things like Glassnode suddenly sell. Or am I wrong? The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups.

As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period.

CoinDesk journalists are not allowed to purchase stock outright in DCG. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy. Retail vs. Other commenters had a more cynical take. Muyao Shen. Subscribe to First Mover, our daily newsletter about markets.

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These 3 Things Might Happen to Crypto Market According to CryptoQuant CEO

Admin 3 days ago Technology Leave a comment 53 Views. Overall, the portion of BTC supply per whale wallet is now at its highest point in a decade, data from on-chain analytics firm Glassnode uploaded to Twitter by the Priced in Bitcoin account shows. This is despite the much larger Bitcoin user base compared to the early days of the cryptocurrency. As Cointelegraph reported, exchanges again saw larger outflows than inflows in recent weeks, despite spot price action hitting lower lows. All 21 platforms monitored by on-chain analytics firm CryptoQuant saw their balance rise from 2. Whales may not actively use exchanges for larger purchases, especially if they are in a position to trade over-the-counter or buy coins directly from miners. Source link.

Binance Registers Massive 14,550.78 Bitcoin Inflow, Will BTC Price Dip Below $30k?

The dollar index was set for its biggest weekly drop since March , lifting demand for the greenback-priced bullion among buyers holding other currencies. Oil prices climbed on Friday, extending sharp gains in the previous session sparked by persistent supply concerns and as frigid weather cascades across the United States, threatening to further disrupt fragile oil supplies. Treasury yields. Data showed 21 stocks are showing bearish trends. Dolly Khanna was gradually trimming her stake in the company since holding 2. Analysts believe that buying the dip in banking stocks may not be the most prudent strategy for i. Covid 2. In the spot market, the highest purity gold was sold at Rs 48, per 10 grams while silver was priced at Rs 61, per kg on Wednesday, according to the Indian Bullion and Jewellers Association.

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Whales are depositing their Bitcoin into exchanges: CryptoQuant CEO Ki-Young Ju

Bitcoin transactions to and from exchanges have seen a steady decrease as the price of BTC continues to fall. The sell-off has had a dramatic impact on the outflow and inflow of BTC on exchanges. According to Crypto Quant , inflows and outflows of BTC on exchanges have declined over the past several days. The number of BTC addresses making inflow transactions to exchange wallets has dropped to 25, The lowest seen in The previous daily high was set just over a week ago, with 96, inflow transactions.

Bitcoin whales buy at $38K as BTC supply per whale hits 10-year high

Data from on-chain Bitcoin shows that cryptocurrency exchange Binance observed large inflows of nearly 10k BTC yesterday. The value of the metric is simply calculated by taking the difference between inflows and outflows. When the indicator has positive values, it means that there are currently more inflows than outflows. Such a trend is often bearish as investors usually deposit their Bitcoins for sale purposes. On the other hand, when the value of the metric is negative, it implies that the outflows are overwhelming the inflows as a net amount of BTC is exiting the trade.

Bitcoin To See $50,000 In The Coming Weeks?

Since then, its price has corrected, rebounded, and is now threatening to break another all-time high. It goes through accumulation phases and hype cycles, bubbles and crashes. The way to see this in the charts is by looking at the current Bitcoin balance on exchanges.

According to Ki, the inflows to exchanges tend to spike in sync with BTC selloffs. Once the spike cools off and starts to point downward, opportunities for going long on the flagship crypto-asset start to present themselves. The indicator cools down 4. Become a billionaire and give a tip to cryptoquant. Like other analysts , Ki largely attributes the current Bitcoin correction to overleveraged longs making BTC vulnerable to sharp downswings during bull markets.

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Stablecoin inflows into the exchanges are declining as investors turn pessimistic on Bitcoin, but an increase in USDC coinage could be an impending regulatory signal. The growth in market capitalization and the circulating supply of stablecoins is one of the best indicators for determining the mood of market participants in times of price fluctuations. Tracking major tether USDT government bonds is a popular tactic used by analysts and traders to position the upside potential of Bitcoin and Altcoin.