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: XRP Projected To Reach $8 By 2026: Standard Chartered Identifies Two Major Catalysts
  • 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: XRP Projected To Reach $8 By 2026: Standard Chartered Identifies Two Major Catalysts

Exchanges See Bitcoin Outflows For 7th Straight Day As BTC Price Begins Recovery

Keshav Verma
Keshav Verma
Last Updated: June 11, 2024 7:47 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 observed Bitcoin outflows for the seventh consecutive day as BTC’s price starts recovery.

A Net Amount Of Bitcoin Exited Exchanges In The Past Week

As pointed out by a CryptoQuant post, exchanges have seen BTC outflows for seven straight days in the last week.

The relevant indicator here is the “all exchanges netflow.” This metric shows the net amount of Bitcoin entering or exiting wallets of all exchanges. Its value is calculated by taking the difference between the inflows and the outflows.

When the netflow has positive values, it means there were more inflows happening during the period compared with the outflows. Such a trend may be bearish for the crypto as investors usually send their coins to exchanges for withdrawing to fiat or for purchasing altcoins.

On the other hand, if the indicator has negative values, it implies more Bitcoin was exiting exchanges than the amount entering them. This kind of trend can turn out to be bullish for the coin as investors usually take out their coins for hodling or for selling through OTC deals.

Related Reading | New COVID Variant FUD Drives Bitcoin Down To $54k

Now, here is a chart that shows the trend in BTC netflow over the last couple of months:

Bitcoin Netflow

Looks like the indicator has shown negative values recently | Source: CryptoQuant

As the above graph shows, today was the seventh day in a row that exchanges observed negative Bitcoin netflows. These outflows have varied from as low as 1500 BTC, all the way to 10450 on the other end.

Prolonged outflows can be quite bullish for the crypto in the long term as it leads to lesser supply for selling on exchanges.

Related Reading | Whales Fill Up On Bitcoin While Broader Market Panics

The indicator that measures the total supply on exchanges is called the “exchange reserve.” For quite a while now, the value of this metric has been gradually going down, and these recent outflows are just a continuation of that trend.

This downtrend in the reserve may be creating a supply shock in the market, and due to supply-demand dynamics, such a situation can be bullish for the coin’s price.

BTC Price

At the time of writing, Bitcoin’s price floats around $57.2k, down 2% in the last seven days. Over the past thirty days, the crypto has lost 5% in value.

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

Bitcoin Price Chart

BTC's price beginning to show recovery? | Source: BTCUSD on TradingView

Bitcoin may have started on the path to recovery now as the price once again revisits above $57k. However, at the moment it’s unclear whether it’s a real recovery or a dead cat’s bounce.

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

Crypto news Scaramucci top altcoins

Scaramucci Picks His Top 3 Crypto Altcoins As Rate-Cut Tailwinds Build

Anthony Scaramucci says a friendlier US policy mix: rate cuts, looser financial conditions, and a renewed push for crypto legislation...

Jake Simmons 4 hours ago

德州撲克實戰教學|如何判斷對手是堅果牌沒偷雞 順子也要放棄保本策略

德州撲克現場牌局最難的不是算出自己有多強,而是判斷對手願意用多強的牌把籌碼推到中間。這手牌的核心在於一條極具辨識度的下注路線,翻牌圈過牌,轉牌圈加注,河牌圈超池全下。 當一名玩家把行動設計成「先示弱再...

newsbtc 10 hours ago
Ethereum

Ethereum Optimism For 2026: Analysts Share Bullish Forecast Despite Disappointing End-Of-Year

As Ethereum (ETH) is set to end the year on a disappointing note, some market observers have shared an optimistic...

Rubmar Garcia 10 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

Bitcoin Could Be Setting Up A Comeback Vs. Gold, Analyst Suggests

Christian Encila 8 minutes ago
미-중 글로벌 디지털 화폐 패권 경쟁 심화... 레이어 2 프로젝트의 전망은?

미-중 글로벌 디지털 화폐 패권 경쟁 심화… 레이어 2 프로젝트의 전망은?

Soyeon Lee 2 hours ago
crypto

Crypto ETFs Defy The Pullback With $32 Billion In Fresh Investor Cash

Christian Encila 3 hours ago

Premium Sponsors

Press Releases

  • Maxi Doge Presale Has 48 Hours Left - Can MAXI Lead The 2026 Meme Run?

    Maxi Doge Presale Has 48 Hours Left – Can MAXI Lead...

    2 hours ago
  • Dự báo từ ChatGPT

    Dự báo từ ChatGPT làm bùng nổ tranh luận mới...

    1 day ago
  • Meme coin tiềm năng

    Meme coin tiềm năng: Các meme coin đáng mua nhất...

    1 day ago
  • 3 crypto presale nên mua trước bull run 2026

    Các đồng coin tiềm năng: 3 crypto presale nên mua...

    1 day ago
  • Alt coin tốt nhất để mua ngay khi Bitcoin

    Alt coin tốt nhất để mua ngay khi Bitcoin rơi...

    1 day 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.