Coin

<ul class="news-points"> 
 <li><strong>Whale inflows to crypto exchanges have sustained an elevated inflow bias.</strong></li> 
 <li><strong>The inflow bias has been between 4,000 to 6,500 bitcoins per day since June this year.</strong></li> 
 <li><strong>Whale netflows to exchanges act as a proxy for the cohorts’ influence on supply and demand.</strong></li> 
</ul> 
<p>According to Glassnode, the on-chain and financial metrics platform, Whale inflows to <a href="https://coinedition.com/what-is-a-cryptocurrency-exchange-how-does-it-work/" rel="noopener noreferrer nofollow">crypto exchanges</a> have sustained an elevated inflow bias of between 4,000 to 6,500 bitcoins per day throughout June and July this year. That is a significant variation from the historical rates of netflows, which oscillated between 5,000 bitcoins and -5,000 bitcoins per 30-days over the last five years.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Analysis of the Whale Netflow to Exchanges can be used as a proxy for the cohorts influence on the supply and demand balance. Whale-to-exchange netflows have tended to oscillate between ±5k BTC/day over the last five years.<br><br>However, throughout June and July this year, Whale… <a href="https://t.co/T2JPn2eh3H" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/T2JPn2eh3H</a></p>— glassnode (@glassnode) <a href="https://twitter.com/glassnode/status/1684493554872205312?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 27, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>According to a tweet from the platform, BTC whale netflows to exchanges can act as a proxy for the cohorts’ influence on supply and demand. Glassnode shared a screenshot that summarized …</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/whales-are-sending-more-btc-to-exchanges-what-could-that-mean/">Whales Are Sending More BTC to Exchanges: What Could That Mean?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Whales Are Sending More BTC to Exchanges: What Could That Mean?

Coin Edition

Other articles published on Jul 27, 2023

Ripple Case Appeal Rumors: What’s Gensler Saying Now?

Research Unravels the Dominance of DeFi Protocols and their Tokenomics Impact

Meta Remains Committed to Metaverse Vision Despite $3.7 Billion Loss

Shiba Inu Price forecast: Whales Offloading SHIB, What’s Wrong?

If you Follow this Risk Management Strategy then You will be Successful Trader

US Prosecutors Seek to Put SBF in Jail Before His Trial

Join our free newsletter for daily crypto updates!