Today news
About the same in other media
What Bitcoin flows tell you about whether it’s time to buy or sell
Reading now: 419
With Bitcoin struggling to keep its grip on the $42k-bar, you might guess that the bulls are feeling listless while the bears have a field day. At press time, the king coin was changing hands at $42,275 after falling by 1.02% in 24 hours and losing 8.51% of its value over the week. So, are investors buying or selling?
Some coin flows might reveal the answer.
Though the last few days have seen a mix of Bitcoin entering and exiting the exchanges, Glassnode’s weekly data revealed that overall, the king coin has been disappearing into wallets.
Data from 11 April showed that net outflows were about $229.9 million, even though more than $6 billion both entered and exited the exchanges over the past week.
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
Bitcoin price slow to react as US dollar rally stops at 20-year highs cointelegraph.com /2 years ago
Bitcoin Cash: These support levels could make or break BCH’s trajectory ambcrypto.com /2 years ago
$27K 'max pain' Bitcoin price is ultimate buy-the-dip opportunity, says research cointelegraph.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
