On-chain data shows the crypto exchange Coinbase observed 38k BTC in outflows shortly before Bitcoin recovered back above $30k.
Bitcoin Netflow For Coinbase Pro Shows Deep Negative Spikes
Као што је истакао аналитичар у ЦриптоКуант-у пост, outflows from Coinbase Pro wallets measured to around 38k BTC yesterday.
Релевантна метрика овде је „нето прилив,” which measures the net amount of Bitcoin entering or exiting wallets of an exchange (which, in this case, is Coinbase Pro).
The indicator’s value is simply calculated by taking the difference between the inflows (that is, number of coins going in) and the outflows (number of coins going out).
When the value of the netflow is positive, it means a net number of coins are entering the exchange wallets right now.
Such a trend, when prolonged, can be bearish for the crypto’s price as investors usually deposit their coins to exchanges for selling purposes.
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On the other hand, a negative value of the indicator implies investors are withdrawing a net amount at the moment.
Naturally, these kind of values can be bullish for the coin’s value. Now, here is a chart that shows the trend in the Bitcoin netflows for Цоинбасе Pro over the last few days:
Looks like the value of the metric displayed negative values yesterday | Source: ЦриптоКуант
As you can see in the above graph, the Bitcoin netflow for Coinbase Pro observed some large negative spikes just yesterday.
These values amounted to around 38k BTC moving out of the exchange’s wallets, and the withdrawals occurred shortly before the crypto’s rebound back above the $30k level.
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This suggests that buying on Coinbase Pro may have been one of the factors behind the latest pump in price of the coin.
БТЦ цена
У време писања, Битцоин цена креће се око 30.1 хиљада долара, што је пад од 4% у последњих седам дана. Током прошлог месеца, крипто је изгубио 14% на вредности.
Графикон испод приказује тренд цене новчића у последњих пет дана.
The value of the crypto seems to have come back above the $30k level | Source: БТЦУСД на ТрадингВиев
A couple of days back, Bitcoin rode a sharp spike down as its value once again sank below $30k. However, it wasn’t long until the coin recovered back above the level.
Yesterday, the cryptocurrency once more found itself above $31k, but today the coin’s price has slumped down again.
Nonetheless, BTC is still above $30k, meaning not all of the recovery has been lost yet.
Истакнута слика са сајта Унспласх.цом, графикони са странице ТрадингВиев.цом, ЦриптоКуант.цом
Source: https://bitcoinist.com/bitcoin-back-30k-coinbase-observes-38k-btc-outflows/