NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Falls Under $100,000: Elliott Wave Analysis Forecasts Decline To $70,000
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Falls Under $100,000: Elliott Wave Analysis Forecasts Decline To $70,000

Bitcoin Bearish Signal: Exchanges Observe Huge Inflow From Long-Term Holders

Keshav Verma
Keshav Verma
Last Updated: June 11, 2024 11:42 am
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

On-chain data shows exchanges have received a huge Bitcoin inflow spike from long-term holders, a sign that could be bearish for the price of the crypto.

Investors Holding Bitcoin Since 12 Months To 18 Months Ago Transfer A Huge Amount To Exchanges

As pointed out by an analyst in a CryptoQuant post, some long-term investors holding on to their coins since between a year to a year and a half recently sent big inflows to exchanges.

The relevant indicator here is the “exchange inflow,” which measures the total amount of Bitcoin moving to centralized exchange wallets.

When the value of this indicator shows a large spike, it means investors have just deposited a lot of coins to exchanges. Such a trend is usually bearish for the price of the crypto as holders usually transfer to exchanges for selling purposes.

On the other hand, small values of the metric may show normal market behavior and that there isn’t largescale dumping going on at the moment.

Related Reading | Bitcoin Taker Buy/Sell Volume Shows “Buy” Signal As BTC Gears Up For Rally

A modified version of the Bitcoin exchange inflow shows only transfers from those investors who had been holding on their coins since 12 months to 18 months ago. Here is the chart for it:

Bitcoin Exchange Inflow

Looks like a large amount of coins were deposited by these long-term holders recently | Source: CryptoQuant

As you can see in the above graph, the value of the indicator observed a huge spike just recently. This means that long-term holders within the age range of 12 to 18 months transferred a big number of coins to exchanges, possibly for selling them.

In the chart, the quant has also marked the previous times this kind of trend took place. It looks like shortly following such a spike, the price has always observed a decline.

Related Reading |Bitcoin Closes 1st Green Month After 3 Reds, What History Says May Happen

Since a spike has also occurred recently, the price of Bitcoin may be in for a similar plunge soon, if the pattern continues to hold.

However, in certain cases, it’s also possible the value of the coin doesn’t see any effects from this. An example of such a situation would be if an outflow of similar or larger amount took place soon.

BTC Price

At the time of writing, Bitcoin’s price floats around $43.3k, up 23% in the last seven days. Over the past month, the crypto has gained 17% in value.

The below chart shows the trend in the price of the coin over the last five days.

Bitcoin Price Chart

Following the sharp surge a few days back, the price of Bitcoin seems to have moved sideways | Source: BTCUSD on TradingView
Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

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’s 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’t 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’t 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.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

ETF Solana : les fonds BTC et ETH saignent 300 M$ en quelques jours, rotation massive de capitaux

ETF Solana : plus de 300 M$ sortent des fonds Bitcoin et Ether

L’effet nouveauté a frappé. Depuis le lancement des ETF Solana aux États-Unis, certaines séances ont vu plus de 300 millions...

evanss 1 hour ago
Crypto Year-End Outlook 2025 news

The 2025 Year-End Crypto Outlook: The Catalysts That Will Decide Everything

A widely followed macro roadmap circulating on X early Friday, November 7, sets an explicit sequence of policy and market...

Jake Simmons 2 hours ago
Bitcoin's Comeback or Bull Trap? Analysts Warn of 'Excessive Optimism'

Bitcoin Bull Market Peak Indicators Says Hold Despite Crash Below $100,000, What’s Happening?

Over the years, a number of indicators have emerged that have helped to pinpoint the Bitcoin price top for each...

Scott Matherson 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Dogecoin

AI Predicts What Will Drive The Dogecoin Price To $5.76 This Cycle

Scott Matherson 35 minutes ago
Bitcoin HYPER

Kiti vlagajo v Bitcoin HYPER– zbranih več kot 26 milijonov USD

tanjapotocnik 1 hour ago

Bitcoin Faces Potential 50% Crash—But Analysts Say The Fear Is Overblown

Christian Encila 1 hour ago

Premium Sponsors

Press Releases

  • 仮想通貨おすすめ:メーム市場が再び活気づく中で注目される高ベータトー クン

    ...

    10 minutes ago
  • クジラが2日で27万ドル分を購入:次に爆発的成長が期待される新しい仮想通貨とは

    ...

    24 minutes ago
  • 仮想通貨おすすめ:ビットコインの買い増しが進む中で注目される次世代L2トークン

    ...

    34 minutes ago
  • イーサリアム 今後はどうなる

    イーサリアム...

    4 hours ago
  • ビットコイン...

    4 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.