Friday, July 11, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Bitcoin Bearish Signal: Exchange Netflows Spike Up

by Hououin Kyouma
July 17, 2022
in Cryptocurrency
Reading Time: 3 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


On-chain information exhibits the Bitcoin change netflow has noticed a pointy constructive spike not too long ago, an indication that could possibly be bearish for the crypto’s worth.

Bitcoin All Exchanges Netflow Spikes Up Following 9% Inflation Report

As identified by an analyst in a CryptoQuant submit, exchanges have not too long ago seen a considerable amount of BTC deposits.

The “all exchanges netflow” is an indicator that measures the web quantity of Bitcoin coming into or exiting wallets of all centralized exchanges as an entire. The metric’s worth is calculated by merely taking the distinction between the inflows and the outflows.

When the worth of the netflow is constructive, it means a internet variety of cash are transferring into these wallets proper now. As traders often deposit their cash to exchanges for promoting functions, this type of pattern can show to be bearish for the worth of BTC.

Associated Studying | Bitcoin Funding Price Turns Extremely Constructive, Lengthy Squeeze In The Making?

However, the worth of the indicator being destructive suggests traders are withdrawing their cash in the meanwhile. Such a pattern, when extended, generally is a signal of accumulation from holders, and therefore may be bullish for the worth of the crypto.

Now, here’s a chart that exhibits the pattern within the Bitcoin all exchanges netflow over the previous week:

Seems like the worth of the metric has spiked up not too long ago | Supply: CryptoQuant

As you possibly can see within the above graph, the Bitcoin change netflow has noticed a constructive spike over the previous 24 hours.

There was one other spike not too lengthy earlier than this newest one, however that different spike was neutralized by a equally giant destructive worth of the metric.

Associated Studying | Market Replace: MATIC, UNI And AAVE Outperforms Whereas Bitcoin Strugles To Maintain Above $20k

The quant within the submit notes that inflows on the crypto change Gemini (which is popularly identified for use by whales) have contributed to this constructive netflow worth.

These deposits have come a few days after the CPI report for the month got here out and revealed that inflation rose 9% in June.

If the inflows are certainly from whales seeking to dump their cash, then the close to time period outlook may be bearish for the worth of Bitcoin.

BTC Worth

On the time of writing, Bitcoin’s worth floats round $20.8k, down 4% within the final seven days. Over the previous month, the crypto has misplaced 7% in worth.

The beneath chart exhibits the pattern within the worth of the coin during the last 5 days.

Bitcoin Price Chart

After the upwards transfer, the worth of the crypto appears to have been transferring sideways during the last couple of days | Supply: BTCUSD on TradingView
Featured picture from anvesh baru on Unsplash.com, charts from TradingView.com, CryptoQuant.com



Source link

Tags: BearishBitcoinexchangeNetflowsSignalSpike
Previous Post

As Biden Reaches Out to Mideast Dictators, His Eyes Are on China and Russia

Next Post

Svenska Handelsbanken AB (publ) (SVNLF) CEO Carina Åkerström on Q2 2022 Results – Earnings Call Transcript

Related Posts

OpenAI Faces IRS Complaint Over Alleged Tax Violations

OpenAI Faces IRS Complaint Over Alleged Tax Violations

by Cointelegraph By Martin Young
July 11, 2025
0

Synthetic intelligence watchdog the Midas Venture has filed a grievance in opposition to ChatGPT maker OpenAI, accusing the agency of...

Here Are Top Developments Surrounding XRP Recently That You Should Be Aware Of

Here Are Top Developments Surrounding XRP Recently That You Should Be Aware Of

by Scott Matherson
July 10, 2025
0

Trusted Editorial content material, reviewed by main trade specialists and seasoned editors. Advert Disclosure The XRP ecosystem is witnessing a...

Coinbase Adds Support for Pump.Fun Ahead of $PUMP Token ICO

Coinbase Adds Support for Pump.Fun Ahead of $PUMP Token ICO

by Kelvin Munene Murithi
July 10, 2025
0

Coinbase Worldwide Change has introduced that it'll add help for the $PUMP token forward of its Preliminary Coin Providing (ICO)....

REX Shares files for 2X leveraged TRON ETF

REX Shares files for 2X leveraged TRON ETF

by Vivian Nguyen
July 11, 2025
0

Key Takeaways T-Rex Group filed for a leveraged ETF focusing on 200% of TRON's every day efficiency. The ETF makes...

BIT Mining’s strategic leap into Solana propels stock to 3-year high

BIT Mining’s strategic leap into Solana propels stock to 3-year high

by Oluwapelumi Adejumo
July 10, 2025
0

Crypto mining firm BIT Mining has strategically moved into the Solana ecosystem, sending its inventory to a three-year excessive.On July...

“Calling All Crypto Transactions Externalization Would Be Very Limiting,” Warns FMAS:25 Panel

“Calling All Crypto Transactions Externalization Would Be Very Limiting,” Warns FMAS:25 Panel

by Tareq Sikder
July 10, 2025
0

On the Finance Magnates Africa Summit:25, a panel dialogue titled “The Way forward for Crypto, Classes from Africa” introduced collectively...

Next Post
Svenska Handelsbanken AB (publ) (SVNLF) CEO Carina Åkerström on Q2 2022 Results – Earnings Call Transcript

Svenska Handelsbanken AB (publ) (SVNLF) CEO Carina Åkerström on Q2 2022 Results - Earnings Call Transcript

Intel is designing new hardware with immersion cooling in mind

Intel is designing new hardware with immersion cooling in mind

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

OpenAI Faces IRS Complaint Over Alleged Tax Violations

OpenAI Faces IRS Complaint Over Alleged Tax Violations

July 11, 2025
Crude oil futures gain as Trump plans major Russia statement 

Crude oil futures gain as Trump plans major Russia statement 

July 11, 2025
US stocks: S&P 500, Nasdaq rise to record highs boosted by Nvidia record valuation, strong Delta forecast

US stocks: S&P 500, Nasdaq rise to record highs boosted by Nvidia record valuation, strong Delta forecast

July 11, 2025
Today’s NYT Connections: Sports Edition Hints, Answers for July 11 #291

Today’s NYT Connections: Sports Edition Hints, Answers for July 11 #291

July 11, 2025
Luxury £80m Brit superyacht bursts into flames in exclusive hols resort as crew members rescued from raging blaze

Luxury £80m Brit superyacht bursts into flames in exclusive hols resort as crew members rescued from raging blaze

July 11, 2025
Here Are Top Developments Surrounding XRP Recently That You Should Be Aware Of

Here Are Top Developments Surrounding XRP Recently That You Should Be Aware Of

July 10, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

OpenAI Faces IRS Complaint Over Alleged Tax Violations

Crude oil futures gain as Trump plans major Russia statement 

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In