Category: Glassnode

This key Bitcoin price indicator shows pro traders buying each dip

This key Bitcoin price indicator shows pro traders buying each dip

Bitcoin (BTC) might have failed to sustain the $42,000 support, and for many, this is a slightly bearish sign. Interestingly, the downward move occurred shortly after Saudi Aramco, KSA’s largest oil exporter, denied claiming to start mining Bitcoin. Top traders at exchanges seized the opportunity to add leverage-long positions, a clear bullishness indicator. Furthermore, margin […]

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Bitcoin outflows from centralized exchanges surge to 100K BTC monthly

Bitcoin outflows from centralized exchanges surge to 100K BTC monthly

Centralized exchanges have experienced their heaviest week of Bitcoin withdrawals since November 2020. 6846 Total views 71 Total shares Bitcoin outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days. According to the Glassnode’s August 2 The Week On-Chain report, Bitcoin outflows have […]

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