200k Ethereum Flows Into Exchanges, More Downside Ahead?
According to on-chain data, around 200k ETH entered exchanges yesterday, a sign that Ethereum might face more downside soon. Central Exchanges Observe Inflow Of 200k ETH As pointed out by a CryptoQuant post, more than 200k ETH entered exchange wallets yesterday. At the current rate, this amount is worth about $839 million. The relevant on-chain indicator here is the Ethereum netflow, which shows the net amount of the crypto entering or exiting central exchanges. Its value is calculated by taking the difference between the inflows and the outflows. When the metric has negative values, it....
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Bitcoin and Ethereum outflows from centralized exchanges have been pointing toward a growing accumulation trend among investors. This saw billions of dollars worth of coins leaving exchanges weekly as investors moved them out. Even now, the exchange outflows have continued despite the recovery in the price of bitcoin and Ethereum, showing that investors are not slowing down their buying. Bitcoin, Ethereum Net Flows Still Negative The exchange net flows for the past two weeks have been coming out negative for both Bitcoin and Ethereum. The same has been the case on a daily basis where....
Ethereum dropped heavily during the thinly-traded early European session Monday, breaking below $1,000 from its three-month high of $1,168.99. The second-largest cryptocurrency briefly tumbled to $886 due to profit-taking among daytraders. Meanwhile, its downside correction caused long liquidations worth nearly $330 million across all the crypto derivatives exchanges. That may have prompted overleveraged traders to […]
Bitcoin daily exchange net flows have been erratic for the last month, to say the least. This is due to the numerous swings between dumping and stacking being done by investors in the space, all of which have affected the price of the digital asset in their own way. However, the net flows have begun to find a balance and it is unfortunately not a positive one. Outflows Start To Dominate The inflows and outflows for the last day have not been alarming in a way but the fact that it continues to skew towards inflows which us a testament to the sell-offs that have rocked the place. The data....
With Bitcoin Cash’s Nov. 15 chain split looming, BCH hodlers have deposited more than $300 million worth of the coin into exchanges since the start of the month. Bitcoin Cash (BCH) hodlers are scrambling to get their coins onto exchanges ahead of the hard fork expected for Nov. 15.According to Chainalysis, nearly $140 million worth of BCH has flowed onto exchanges in just the past week, bringing November’s total up to $300 million. Since the start of the month, more than 1.56 million BCH has been moved onto exchanges.As such, BCH in-flows to exchanges for the past 12 days have equated to....
Currently trading above $4,000, the Ethereum price is entering a make-or-break moment as corporate treasuries ramp up accumulation and retail ETF flows show signs of cooling. Related Reading: Solana Jitters Don’t Scare Whales As They Persistently Load Up On SOL – A Rally Ahead? While U.S. spot Ethereum ETFs logged a two-week outflow streak of […]