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: VanEck Predicts Bitcoin Could Reach $2.9 Million In New Long-Term Capital Report
  • 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: VanEck Predicts Bitcoin Could Reach $2.9 Million In New Long-Term Capital Report

Bitcoin Bearish Signal: Exchange Netflows Spike Up

Keshav Verma
Keshav Verma
Last Updated: June 11, 2024 11:06 am
3 mins read
Bitcoin Bear

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 the Bitcoin exchange netflow has observed a sharp positive spike recently, a sign that could be bearish for the crypto’s price.

Bitcoin All Exchanges Netflow Spikes Up Following 9% Inflation Report

As pointed out by an analyst in a CryptoQuant post, exchanges have recently seen a large amount of BTC deposits.

The “all exchanges netflow” is an indicator that measures the net amount of Bitcoin entering or exiting wallets of all centralized exchanges as a whole. The metric’s value is calculated by simply taking the difference between the inflows and the outflows.

When the value of the netflow is positive, it means a net number of coins are moving into these wallets right now. As investors usually deposit their coins to exchanges for selling purposes, this kind of trend can prove to be bearish for the value of BTC.

Related Reading | Bitcoin Funding Rate Turns Highly Positive, Long Squeeze In The Making?

On the other hand, the value of the indicator being negative suggests investors are withdrawing their coins at the moment. Such a trend, when prolonged, can be a sign of accumulation from holders, and hence can be bullish for the price of the crypto.

Now, here is a chart that shows the trend in the Bitcoin all exchanges netflow over the past week:

Bitcoin Netflow

Looks like the value of the metric has spiked up recently | Source: CryptoQuant

As you can see in the above graph, the Bitcoin exchange netflow has observed a positive spike over the past 24 hours.

There was another spike not too long before this latest one, but that other spike was neutralized by a similarly large negative value of the metric.

Related Reading | Market Update: MATIC, UNI And AAVE Outperforms While Bitcoin Strugles To Hold Above $20k

The quant in the post notes that inflows on the crypto exchange Gemini (which is popularly known to be used by whales) have contributed to this positive netflow value.

These deposits have come a couple of days after the CPI report for the month came out and revealed that inflation rose 9% in June.

If the inflows are indeed from whales looking to dump their coins, then the near term outlook can be bearish for the price of Bitcoin.

BTC Price

At the time of writing, Bitcoin’s price floats around $20.8k, down 4% in the last seven days. Over the past month, the crypto has lost 7% in value.

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

Bitcoin Price Chart

After the upwards move, the value of the crypto seems to have been moving sideways over the last couple of days | Source: BTCUSD on TradingView
Featured image from anvesh baru on 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

Bloomberg: stablecoin-markt naar $56 biljoen in 2030 – gaat XRP’s RLUSD meeprofiteren?

Bloomberg: stablecoin-markt naar $56 biljoen in 2030 – gaat XRP’s RLUSD meeprofiteren?

Bloomberg Intelligence verwacht dat stablecoin-betalingsstromen kunnen stijgen naar ongeveer $56,6 biljoen tegen 2030 (tegen circa $2,9 biljoen in 2025). Als...

Lars Diederiksen 4 hours ago
Bitcoin news

Bitcoin Indicator With 84% Hit Rate Flashes Again: Is A Price Rally Next?

The Bitcoin hash ribbons indicator has recently flipped back to a buy signal on the weekly timeframe, according to a...

Jake Simmons 7 hours ago

2026 比特幣預測大出爐!華爾街目標價上看 22.5 萬美元-加密貨幣新聞

2026 年才剛開局,加密市場就先給你一個「先拉再甩」的經典開場。$BTC 本週一度逼近 95,000 美元後回落,最新仍在約 90,000–91,000 美元區間震盪;$ETH 也同步走弱,市場情緒...

newsbtc 5 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 Long-Term Holder Dump Is Over: On-Chain Data Just Flipped

Wall Street Analyst Is Still Bullish On Bitcoin, Predicts Price Recovery

Sandra White 1 hour ago
Cathie Wood: Trump May Buy Bitcoin For US Reserve Ahead Of Midterms

Cathie Wood: Trump May Buy Bitcoin For US Reserve Ahead Of Midterms

Jake Simmons 2 hours ago

Why The Bitcoin Price Could Crash Another 20% To $76,000 Soon

Scott Matherson 4 hours ago

Premium Sponsors

Press Releases

  • ミームコイン注目銘柄:PepeとPudgy Penguinsが大きな上昇局面を迎える可能性

    ミームコイン注目銘柄:PepeとPudgy...

    42 minutes ago
  • 新しい仮想通貨として浮上する次世代ブロックチェーン資産、投資家の注目が集まる理由

    ...

    2 hours ago
  • ドージコイン 今後:予想外の急反発で強気派が主導、2021年相場の再来となるか

    ドージコイン...

    2 hours ago
  • シバコイン 今後vs Maxi Doge

    シバコイン 今後vs Maxi...

    2 hours ago
  • リップル 今後の価格見通し:XRPは上昇後に再蓄積局面へ、3.20ドル目標が再浮上

    リップル...

    2 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.