Exchange Outflows Shows Bitcoin, Ethereum Accumulation Trend Continues
Bitcoin and Ethereum outflows from centralized exchanges have been pointing toward a growing accumulation trend among investors. This saw billions of dollars
Read MoreBitcoin and Ethereum outflows from centralized exchanges have been pointing toward a growing accumulation trend among investors. This saw billions of dollars
Read MoreThe majority of outflows were from "short" investment products, or those betting on price declines, according to CoinShares. It might be a sign that bearish sentiment is dissipating. Original Source
Read MoreThe third quarter of 2022 was a rollercoaster for the price of bitcoin. BTC’s price had fluctuated wildly during this time and
Read MoreOn-chain data shows the Bitcoin exchange outflows have spiked up recently, a sign that could prove to be bullish for the crypto’s
Read MoreThe $4.3 billion contraction in crypto-related deposits was steeper than estimated but not a surprise, Raymond James said in a report, also on Tuesday. The bank’s growth is not dependent on “digital currency ecosystem growth,” the note said, adding that while the firm’s exposure to the cryptocurrency ecosystem remains a
Read MoreInstitutional investor sentiment has been on the rocks for some time now. This follows the market trend with bitcoin falling below $22,000 and the total crypto market cap finally making its way below $1 trillion once more. With this, institutional investors continue to show a more bearish attitude toward the
Read MoreCrypto Funds See Minor Outflows Amid Trading Volume Dip: CoinShares Source
Read MoreInstitutional investor interest in bitcoin has mainly been fluctuating in the last month. As the market has gone through the different phases of bull and bear market, so have the sentiment of investors gone through positive and negative. For the past week, though, it seems the latter had eventually won
Read More“It is difficult to discern if this is a meaningful change in sentiment given its small size, although minor outflows were seen across a broad set of providers,” James Butterfill, CoinShares' investment strategist, wrote in the report. “It also comes at a time of low trading volume and a recovery
Read MoreYet, Nage also viewed positively bitcoin's ability for much of the past month to remain in its current $18,000-$20,000 range. "Bitcoin has held steady around this trading pattern," he said, adding: "We talk about digital assets as a durational effect in terms of things that are going to happen and
Read More