Bitcoin exchange inflows drop to 10-year lows after $74K all-time highs

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Coin Coin Headlines News

Bitcoin traders are uninterested in keeping BTC on hand to sell on exchanges, new data shows.

) exchange inflows are plumbing lows not seen in the nearly a decade, the latest data shows.show daily BTC inflows declining significantly since Bitcoin’s $73,800 all-time highs.Bitcoin traders are in no mood to keep coins available for quick sale on exchanges.

On April 20, when BTC/USD was around the same levels as at the time of writing, just 8,400 BTC flowed into exchanges. The numbers reflect a significant shift in hodler sentiment this year, as Bitcoin investment enters a new era of institutional involvement., appetite for increasing exposure to BTC has persisted despite short-term BTC price volatility — including last week’s trip to $56,500.Market observers continue to flag positive events tied to Bitcoin whale cohorts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin down 20%+ from all-time highs — Is BTC price headed to $50K?While the current Bitcoin correction remains in line with historical price corrections, BTC is at risk of falling to $50,000 after losing the average ETF inflow mark at $59,000.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin makes run for previous cycle highs as Morgan Stanley pushes BTC ETF exposureBitcoin (BTC) price strength continues to grow, three days after the fourth halving.
Source: FXStreetNews - 🏆 14. / 72 Read more »

MicroStrategy's Michael Saylor Reacts as Bitcoin Price Stalls Near $66,000Bitcoin (BTC) paused slightly above $66,000 after encountering hurdle above $67,000 mark
Source: Utoday_en - 🏆 295. / 63 Read more »

Are Bitcoin (BTC) Whales Targeted With 1% Wealth Tax?Bitcoin (BTC) community spooked with fake 1% wealth tax bill
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin confronts key barrier: What next as BTC transaction fees dwindle?Bitcoin (BTC) price is on the balance amid dwindling transaction fees.
Source: FXStreetNews - 🏆 14. / 72 Read more »