Bitcoin daily exchange net flows have been erratic for the last month, to say the least. This is due to the numerous swings between dumping and stacking being done by investors in the space, all of which have affected the price of the digital asset in their own way. However, the net flows have begun to find a balance and it is unfortunately not a positive one. Outflows Start To Dominate The inflows and outflows for the last day have not been alarming in a way but the fact that it continues to skew towards inflows which us a testament to the sell-offs that have rocked the place. The data from Glassnode which shows the net flows between the two shows that more BTC was moving into centralized exchanges than those going out of them. A total of $729.7 million BTC were moved out of exchanges in the last day, while inflows came out to $766.9 million. This led to a net positive flow of $37.2 million. Related Reading | Bitcoin Drops Below $22,000, Is Peter Brandt’s Analysis Still In Play? This comes as no surprise given that more investors are trying to get out of the digital asset to avoid incurring more losses. Even with the accumulation trend that has been recorded across large investors, it is still not enough to upset the amount of BTC being moved to centralized exchanges to be sold. 📊 Daily On-Chain Exchange Flow#Bitcoin $BTC➡️ $766.9M in⬅️ $729.7M out📈 Net flow: +$37.2M#Ethereum $ETH➡️ $316.1M in⬅️ $281.1M out📈 Net flow:...
North Carolina Eyes Crypto for Pension Funds
