• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin's Exchange Inflow Surge: Potential Selloff Risk

user avatar

by Giorgi Kostiuk

a year ago


In recent days, there has been a significant increase in bitcoin flows to centralized exchanges, which might indicate a potential selloff.

Rise in Bitcoin Inflows to Centralized Exchanges

According to IntoTheBlock, starting December 1, the net inflow of bitcoin to exchanges surged significantly. The amount of funds increased from a net outflow of $69 million to a net inflow of $326 million. Bitcoin net inflow accounted for $230 million on December 3. Over $562 million in bitcoin entered centralized platforms in total.

Activity of Major Bitcoin Holders

The large holder-to-exchange net flow ratio reached 0.86% on Tuesday, suggesting that whales have been more active than retail holders. The volume of large transactions surged from $38.7 billion to $87.3 billion in bitcoin on Monday, December 2. ITB data shows a total of $169.6 billion in whale transactions over the last seven days.

Analysis shows that large bitcoin transactions have recently increased significantly, indicating potential market changes.

Potential Impact on the Cryptocurrency Market

On-chain data reveals that an 11-year-old whale address with 2,700 BTC, worth over $257 million, transferred its bitcoin holdings to another wallet for the first time since December 2013. This might hint at a selloff due to the substantial returns. The increased exchange inflows could trigger FUD among retail investors, but a spike in whale accumulation might shift market sentiment. The potential U.S. Federal Reserve rate cut in the upcoming meeting could be a major bullish catalyst for Bitcoin and altcoins.

The rise in bitcoin inflows to centralized exchanges and the activity of large holders have the potential to significantly affect the market. Investor sentiment shifts are expected amid potential Federal Reserve rate cuts.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Falls Below $78,000 Amid Cautious Options Trading

chest

Bitcoin's price fell back below $78,000 following a rejection near recent local range highs, leading to cautious positioning among options traders.

user avatarAisha Farooq

Solana Faces Market Challenges as It Struggles to Keep Up with Ethereum

chest

Market expert Dominic Basulto identifies three key reasons for Solana's underperformance compared to Ethereum, including its association with meme coins, struggles in building a mobile-first ecosystem, and limited ETF momentum.

user avatarTenzin Dorje

XRP Remains Trapped in Compression as Momentum Continues to Fade

chest

XRP is currently consolidating near the 136 region, showing a lack of directional conviction and a tight trading range.

user avatarMohamed Farouk

XRP Struggles Below 140 as Market Faces Indecision

chest

XRP struggles to break above 140 as the market faces indecision, with high open interest on Binance indicating potential volatility.

user avatarBayarjavkhlan Ganbaatar

Solana's Price Action Indicates Potential Short-Term Recovery

chest

Solana is currently in a cautious consolidation phase, with signs of a possible temporary recovery before the next major market move.

user avatarElias Mukuru

Altcoin Dominance Shows Signs of Potential Recovery

chest

Crypto analyst Cryptollica indicates that altcoin dominance is at a long-term bottom, suggesting a potential recovery phase for altcoins.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.