Data shows the total Bitcoin inflows and outflows on exchanges have gone down in recent weeks as the general interest in the crypto remains low.
Bitcoin Total Exchange Flows Are Now At Multi-Year Lows
Према последњем недељном извештају из Глассноде, activity on exchanges has dropped to levels not observed since late 2020.
"прилив размене” is an indicator that measures the total amount of Bitcoin currently being deposited to wallets of all centralized exchanges. The “одлив” is just the opposite metric; it tells us about the number of coins being withdrawn from exchanges right now.
These two indicators combined showcase the total activity going on in exchanges by the BTC investors at the moment.
Now, here is a chart that shows the trend in the Bitcoin exchange inflows and outflows (both 30-day moving average versions) over the last few years:
Looks like the total flows on exchanges have been quite low in recent days | Source: Глассноде'с Тхе Веек Онцхаин - 34. недеља 2022
As you can see in the above graph, the Bitcoin exchange inflows and outflows have showed cyclical behavior in the last few years.
During past bull runs, they have generally sharply risen up, but as the rally has winded down and a bearish trend has taken over, the total flows have plunged down.
The combined exchange flows also followed this trend for the latest rally that took place late last year. However, a couple of months back they observed an unexpected significant spike up due to the LUNA and Terra USD crash.
Since what these indicators really measure is the activity going on in centralized exchanges, it makes sense that market-wide panic will also trigger spikes in them as investors rush to make their moves.
But the spike didn’t live for long, the amounts moving in and out of exchanges fell down again. and now they are at a value not seen since late 2020.
The report notes that these multi-year lows suggest that there is a persisting general lack of speculative interest in Bitcoin among investors at the moment.
БТЦ цена
У време писања, Битцоин цена креће се око 21.5 хиљада долара, што је пад од 10% у последњих седам дана. Током прошлог месеца, крипто је изгубио 5% на вредности.
Испод је графикон који показује тренд цене новчића у последњих пет дана.
The value of the crypto seems to have not shown much movement since the plunge down a few days back | Source: БТЦУСД на ТрадингВиев
Истакнута слика од Андре Францоис МцКензие-а на Унспласх.цом, графикони са ТрадингВиев.цом, Глассноде.цом
Source: https://bitcoinist.com/bitcoin-exchange-flows-year-lows-interest-btc-low/