{"id":495919,"date":"2022-07-16T19:00:50","date_gmt":"2022-07-16T19:00:50","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=495919"},"modified":"2024-06-11T11:06:01","modified_gmt":"2024-06-11T11:06:01","slug":"bitcoin-bearish-signal-exchange-netflows-spike-up","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/bitcoin-bearish-signal-exchange-netflows-spike-up\/","title":{"rendered":"Bitcoin Bearish Signal: Exchange Netflows Spike Up"},"content":{"rendered":"

On-chain data shows the Bitcoin exchange netflow has observed a sharp positive spike recently, a sign that could be bearish for the crypto’s price.<\/p>\n

Bitcoin All Exchanges Netflow Spikes Up Following 9% Inflation Report<\/h2>\n

As pointed out by an analyst in a CryptoQuant post<\/a>, exchanges have recently seen a large amount of BTC deposits.<\/p>\n

The “all exchanges netflow” is an indicator that measures the net amount of Bitcoin entering or exiting wallets of all centralized exchanges as a whole. The metric’s value is calculated by simply taking the difference between the inflows and the outflows.<\/p>\n

When the value of the netflow is positive, it means a net number of coins are moving into these wallets right now. As investors usually deposit their coins to exchanges for selling purposes, this kind of trend can prove to be bearish for the value of BTC.<\/p>\n

Related Reading |\u00a0Bitcoin Funding Rate Turns Highly Positive, Long Squeeze In The Making?<\/a><\/em><\/strong><\/p>\n

On the other hand, the value of the indicator being negative suggests investors are withdrawing their coins at the moment. Such a trend, when prolonged, can be a sign of accumulation from holders, and hence can be bullish for the price of the crypto.<\/p>\n

Now, here is a chart that shows the trend in the Bitcoin all exchanges netflow over the past week:<\/p>\n

\"Bitcoin<\/p>\n

Looks like the value of the metric has spiked up recently | Source: CryptoQuant<\/a><\/pre>\n

As you can see in the above graph, the Bitcoin exchange netflow has observed a positive spike over the past 24 hours.<\/p>\n

There was another spike not too long before this latest one, but that other spike was neutralized by a similarly large negative value of the metric.<\/p>\n

Related Reading |\u00a0Market Update: MATIC, UNI And AAVE Outperforms While Bitcoin Strugles To Hold Above $20k<\/a><\/em><\/strong><\/p>\n

The quant in the post notes that inflows on the crypto exchange Gemini<\/a> (which is popularly known to be used by whales) have contributed to this positive netflow value.<\/p>\n

These deposits have come a couple of days after the CPI report for the month came out and revealed that inflation rose 9% in June.<\/p>\n

If the inflows are indeed from whales looking to dump their coins, then the near term outlook can be bearish for the price of Bitcoin.<\/p>\n

BTC Price<\/h2>\n

At the time of writing, Bitcoin’s price<\/a> floats around $20.8k, down 4% in the last seven days. Over the past month, the crypto has lost 7% in value.<\/p>\n

The below chart shows the trend in the price of the coin over the last five days.<\/p>\n

\"Bitcoin<\/p>\n

After the upwards move, the value of the crypto seems to have been moving sideways over the last couple of days | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from anvesh baru on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/pre>\n","protected":false},"excerpt":{"rendered":"

On-chain data shows the Bitcoin exchange netflow has observed a sharp positive spike recently, a sign that could be bearish for the crypto’s price. Bitcoin All Exchanges Netflow Spikes Up Following 9% Inflation Report As pointed out by an analyst in a CryptoQuant post, exchanges have recently seen a large amount of BTC deposits. The “all exchanges netflow” is an indicator that measures the net amount of Bitcoin entering or exiting wallets of all centralized exchanges as a whole. The metric’s value is calculated by simply taking the difference between the inflows and the outflows. When the value of the netflow is positive, it means a net number of coins are moving into these wallets right now. As investors usually deposit their coins to exchanges for selling purposes, this kind of trend can prove to be bearish for the value of BTC. Related Reading |\u00a0Bitcoin Funding Rate Turns Highly Positive, Long Squeeze In The Making? On the other hand, the value of the indicator being negative suggests investors are withdrawing their coins at the moment. Such a trend, when prolonged, can be a sign of accumulation from holders, and hence can be bullish for the price of the crypto. Now, here is a chart that shows the trend in the Bitcoin all exchanges netflow over the past week: Looks like the value of the metric has spiked up recently | Source: CryptoQuant As you can see in the above graph, the Bitcoin exchange netflow has observed a positive spike over the past 24 hours. There was another spike not too long before this latest one, but that other spike was neutralized by a similarly large negative value of the metric. Related Reading |\u00a0Market Update: MATIC, UNI And AAVE Outperforms While Bitcoin Strugles To Hold Above $20k The quant in the post notes that inflows on the crypto exchange Gemini (which is popularly known to be used by whales) have contributed to this positive netflow value. These deposits have come a couple of days after the CPI report for the month came out and revealed that inflation rose 9% in June. If the inflows are indeed from whales looking to dump their coins, then the near term outlook can be bearish for the price of Bitcoin. BTC Price At the time of writing, Bitcoin’s price floats around $20.8k, down 4% in the last seven days. Over the past month, the crypto has lost 7% in value. The below chart shows the trend in the price of the coin over the last five days. After the upwards move, the value of the crypto seems to have been moving sideways over the last couple of days | Source: BTCUSD on TradingView Featured image from anvesh baru on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":495925,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,85841,86383,1119,1144],"class_list":["post-495919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-bearish-signal","tag-bitcoin-exchange-netflow","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nBitcoin Bearish Signal: Exchange Netflows Spike Up<\/title>\n<meta name=\"description\" content=\"On-chain data shows the Bitcoin exchange netflow has observed a sharp positive spike recently, a sign 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Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/shenyangcang.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Bearish Signal: Exchange Netflows Spike Up","url":"http:\/\/shenyangcang.com\/news\/bitcoin-bearish-signal-exchange-netflows-spike-up\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/bitcoin-bearish-signal-exchange-netflows-spike-up\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2022\/07\/anvesh-baru-2ZXrBR4ByAQ-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2022\/07\/anvesh-baru-2ZXrBR4ByAQ-unsplash-scaled.jpg?fit=1920%2C2560"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin bearish signal","bitcoin exchange netflow","btc","btcusd"],"dateCreated":"2022-07-16T19:00:50Z","datePublished":"2022-07-16T19:00:50Z","dateModified":"2024-06-11T11:06:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bearish Signal: Exchange Netflows Spike Up\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/bitcoin-bearish-signal-exchange-netflows-spike-up\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/bitcoin-bearish-signal-exchange-netflows-spike-up\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/anvesh-baru-2ZXrBR4ByAQ-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/anvesh-baru-2ZXrBR4ByAQ-unsplash-scaled.jpg?fit=1920%2C2560\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin bearish signal\",\"bitcoin exchange netflow\",\"btc\",\"btcusd\"],\"dateCreated\":\"2022-07-16T19:00:50Z\",\"datePublished\":\"2022-07-16T19:00:50Z\",\"dateModified\":\"2024-06-11T11:06:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2022\/07\/anvesh-baru-2ZXrBR4ByAQ-unsplash-scaled.jpg?fit=1920%2C2560","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/495919"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=495919"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/495919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/495925"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=495919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=495919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=495919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}