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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Crypto Sonar: The Sign That Whales Are Accumulating Bitcoin

Keshav Verma
Keshav Verma
1 year ago
3 mins read
Bitcoin Bull

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.

Whales are accumulating Bitcoin again, as per the data released by CryptoQuant that shows deeply negative BTC netflow.

Yesterday, BTC dropped below $30k for the first time since the start of the year, but it quickly rebounded to around $32k.

Signs That Show Rising Bitcoin Accumulation

The “sign” to focus on here is BTC netflow to/from exchanges. To understand what it shows, first we will have to take a look at two specific terms, exchange inflow and outflow.

Exchange inflow is the number of coins deposited into exchange wallets. If it increases, it means that more people are sending their Bitcoin to exchanges, indicating a dump.

On the other hand, exchange outflow is the number of coins withdrawn from exchange wallets. If this value goes up, more people are sending their BTC to individual wallets, meaning they are buying more.

Related Reading | Extreme Fear In Crypto Market, Is It Time To Buy The Blood In Bitcoin?

As mentioned before, the relevant term here is exchange netflow, which is just the difference between the inflow and the outflow.

Exchange Netflow = Exchange inflow – Exchange Outflow

Now as per the data by CryptoQuant, here is how the Bitcoin exchange netflow graph looks like for the past 7 days:

Bitcoin netflow chart

BTC exchange netflow shows deep red | Source: CryptoQuant

As is clear from the chart, the Bitcoin netflow is showing deep negative behavior.

A negative netflow behavior means that more BTC is moving out of exchanges than in. For example, from the graph, 5k BTC moved out to individual wallets yesterday alone.

In the past week, the most Bitcoin that moved out was on between the 15th and the 16th, when in total 39k BTC moved out of exchanges.

The interesting thing is, such a large movement of coins must mean some whales have started accumulating.

Bitcoin Price

BTC has rebounded from the crash to below $30k, and seems to on a rise. In the last 24 hours, it’s up almost 18%. Though, when looking over the past 7 days, the cryptocurrency is still down 12%.

Related Reading | TA: Bitcoin Prints Bullish Pattern, Here’s Why 100 SMA Holds The Key

At the time of writing, the coin is trading around $34k. Here is a chart that shows the variation in BTC’s value over the past 4 months:

BTC gains a momentarily upwards trend after the latest crash | Source: BTCUSD on TradingView

It’s hard to say right now where the price will head next as it has been a chaotic few weeks. The current upwards trend is probably only temporary, however.

Some experts believe the market is going to go further down, but long-term it will go up.

One thing is for certain, though, with whales starting to accumulate more Bitcoin, there is surely some bullish sentiment around the market.

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

bitcoin cena

仮想通貨に強気相場到来か|6月に注目のアルトコイン3銘柄

ビットコインの上昇を背景に、仮想通貨市場は強気相場への期待が高まっているソラナL2のアルトコインを分析する。 暗号資産(仮想通貨)市場はこのほど、ビットコイン(BTC)の市場シェア低下とともにアルトコ...

Yohei Hanazato 4 hours ago
SOLX

仮想通貨投資の新たな主役:Solaxyがプレセールで5,000万ドル目前、クジラも9万ドル以上購入

Solana初のLayer 2ソリューションである**Solaxy($SOLX)**が、公式ローンチまで残り2日を切った今、プレセールで5,000万ドル目前という驚異的な成果を達成しています。 すでに...

Yohei Hanazato 4 hours ago
Snorter

仮想通貨 1000倍の可能性:Snorter Tokenが1か月で100万ドル突破、ミームトレーダー必携の最強ボット登場

Snorter Token($SNORT)のプレセールが、わずか1か月あまりで100万ドルを突破しました。しかもその勢いは衰えず、多くの投資家がこの仮想通貨プロジェクトに熱狂しています。 このトークン...

Yohei Hanazato 4 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

Bitcoin price news

Buy Bitcoin Now? Not Yet—Analyst Says Time Holds The Key

Jake Simmons 2 hours ago
Bitcoin

Analyst Says Bitcoin Price Could Rise 3x To $300,000 As AVIV Levels Resemble Previous Bull Cycles

Scott Matherson 3 hours ago
Altcoin

Altcoin Alert: Expert Reveals Hottest Opportunities For The Summer Season

Ronaldo Marquez 4 hours ago

Premium Sponsors

Top Brands

Press Releases

  • Top 3 kryptoměny k nákupu před koncem léta — jedna stojí pod $0,04 a překonává Sui (SUI)

    Top 3 kryptoměny k nákupu před koncem léta — jedna...

    7 hours ago
  • Top 3 kryptomeny na kúpu pred koncom leta — Jedna stojí menej než 0,04 USD a prekonáva Sui (SUI)

    Top 3 kryptomeny na kúpu pred koncom leta — Jedna stojí...

    7 hours ago
  • Top 3 kriptó, amit megéri megvenni a nyár vége előtt — az egyik 0,04 dollár alatt van és felülmúlja a Sui-t (SUI)

    Top 3 kriptó, amit megéri megvenni a nyár vége előtt...

    9 hours ago
  • Top 3 opkomende crypto memes met toekomst terwijl SHIB & DOGE dalen – nu memecoins kopen?

    Đã Đến Lúc Bán Pepe Khi Giá Giảm 18%? Presale...

    9 hours ago
  • Como identificar criptomoedas baratas e promissoras

    Top 4 Các Đồng Coin Tiềm Năng Tháng 6 – Liệu...

    10 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.