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A net outflow of 18,828 Bitcoins occurred from the exchanges yesterday (March 28, 2024) alone. But what is the reason?
Following the approval of Bitcoin Spot ETF, net BTC outflows from exchanges continue to increase.
⚠️ A net outflow of over 10K was achieved 6 times.
A total of more than 10 thousand Bitcoins exited from all exchanges (CEX and DEX) on 6 different days in 2024.
Following the spot ETF approval, the most intense color in Bitcoin net outflow was red (buyers are strong). So much so that we witnessed a net Bitcoin outflow of 14K, 18K, 20K, 12K, 14K on 6 different days, respectively, and finally 18,828 yesterday. It would not be wrong to associate these with corporate purchases (I will prepare a detailed article in the future).
After such a large amount of Bitcoin outflows, we can expect the supply shock to continue to increase (but first, necessary liquidations must be made on the leverage side) and it would not be wrong to expect serious increases.
✅ Result
Bitcoin is the only asset in limited supply that central banks cannot claim.
We can foresee that interest in Bitcoin will increase with the start of the global interest rate cut cycle in the near future. Then, predicting that both corporates and individual investors will compete to buy Bitcoin... This could lead us to a stronger bull cycle than we have ever witnessed.
Thank you for reading 🙏
#Write2Earn #TrendingTopic #Bitcoin #On-chain
Following the approval of Bitcoin Spot ETF, net BTC outflows from exchanges continue to increase.
⚠️ A net outflow of over 10K was achieved 6 times.
A total of more than 10 thousand Bitcoins exited from all exchanges (CEX and DEX) on 6 different days in 2024.
Following the spot ETF approval, the most intense color in Bitcoin net outflow was red (buyers are strong). So much so that we witnessed a net Bitcoin outflow of 14K, 18K, 20K, 12K, 14K on 6 different days, respectively, and finally 18,828 yesterday. It would not be wrong to associate these with corporate purchases (I will prepare a detailed article in the future).
After such a large amount of Bitcoin outflows, we can expect the supply shock to continue to increase (but first, necessary liquidations must be made on the leverage side) and it would not be wrong to expect serious increases.
✅ Result
Bitcoin is the only asset in limited supply that central banks cannot claim.
We can foresee that interest in Bitcoin will increase with the start of the global interest rate cut cycle in the near future. Then, predicting that both corporates and individual investors will compete to buy Bitcoin... This could lead us to a stronger bull cycle than we have ever witnessed.
Thank you for reading 🙏
#Write2Earn #TrendingTopic #Bitcoin #On-chain
A net outflow of 18,828 Bitcoins occurred from the exchanges yesterday (March 28, 2024) alone. But what is the reason?
Following the approval of Bitcoin Spot ETF, net BTC outflows from exchanges continue to increase.
⚠️ A net outflow of over 10K was achieved 6 times.
A total of more than 10 thousand Bitcoins exited from all exchanges (CEX and DEX) on 6 different days in 2024.
Following the spot ETF approval, the most intense color in Bitcoin net outflow was red (buyers are strong). So much so that we witnessed a net Bitcoin outflow of 14K, 18K, 20K, 12K, 14K on 6 different days, respectively, and finally 18,828 yesterday. It would not be wrong to associate these with corporate purchases (I will prepare a detailed article in the future).
After such a large amount of Bitcoin outflows, we can expect the supply shock to continue to increase (but first, necessary liquidations must be made on the leverage side) and it would not be wrong to expect serious increases.
✅ Result
Bitcoin is the only asset in limited supply that central banks cannot claim.
We can foresee that interest in Bitcoin will increase with the start of the global interest rate cut cycle in the near future. Then, predicting that both corporates and individual investors will compete to buy Bitcoin... This could lead us to a stronger bull cycle than we have ever witnessed.
Thank you for reading 🙏
#Write2Earn #TrendingTopic #Bitcoin #On-chain
Following the approval of Bitcoin Spot ETF, net BTC outflows from exchanges continue to increase.
⚠️ A net outflow of over 10K was achieved 6 times.
A total of more than 10 thousand Bitcoins exited from all exchanges (CEX and DEX) on 6 different days in 2024.
Following the spot ETF approval, the most intense color in Bitcoin net outflow was red (buyers are strong). So much so that we witnessed a net Bitcoin outflow of 14K, 18K, 20K, 12K, 14K on 6 different days, respectively, and finally 18,828 yesterday. It would not be wrong to associate these with corporate purchases (I will prepare a detailed article in the future).
After such a large amount of Bitcoin outflows, we can expect the supply shock to continue to increase (but first, necessary liquidations must be made on the leverage side) and it would not be wrong to expect serious increases.
✅ Result
Bitcoin is the only asset in limited supply that central banks cannot claim.
We can foresee that interest in Bitcoin will increase with the start of the global interest rate cut cycle in the near future. Then, predicting that both corporates and individual investors will compete to buy Bitcoin... This could lead us to a stronger bull cycle than we have ever witnessed.
Thank you for reading 🙏
#Write2Earn #TrendingTopic #Bitcoin #On-chain
🚨⭕️Following the ascension in spot price above the psychologically key $30K level, Bitcoin Miners have continued to send large clips of BTC to exchanges.
Currently, Miners are sending $105M to exchanges, the second largest USD denominated transfer on record.
#On-chain #ensigntrading #miners
Currently, Miners are sending $105M to exchanges, the second largest USD denominated transfer on record.
#On-chain #ensigntrading #miners
Clockwork Development Team Discontinues Protocol Development 🔥🔥
- Decentralized automated #network Clockwork in the Solana ecosystem is discontinuing protocol development due to limited business prospects and opportunity costs.
- Former employee Nick announced the decision on Twitter.
- Developers can still use their existing software, but nodes on Devnet and mainnet will be shut down by October 31.
- #On-chain programs will be frozen, and the open-source code will be available on GitHub.
- The team is open to supporting forks and releases if the community wants to enhance the protocol.
- The team aims to ensure service continuity for current #Clockwork users.
- In August 2022, Clockwork concluded a $4 million seed funding round with Multicoin Capital, Asymmetric, #Solana Ventures, and El Cap Ventures as key investors.
- Decentralized automated #network Clockwork in the Solana ecosystem is discontinuing protocol development due to limited business prospects and opportunity costs.
- Former employee Nick announced the decision on Twitter.
- Developers can still use their existing software, but nodes on Devnet and mainnet will be shut down by October 31.
- #On-chain programs will be frozen, and the open-source code will be available on GitHub.
- The team is open to supporting forks and releases if the community wants to enhance the protocol.
- The team aims to ensure service continuity for current #Clockwork users.
- In August 2022, Clockwork concluded a $4 million seed funding round with Multicoin Capital, Asymmetric, #Solana Ventures, and El Cap Ventures as key investors.
