Bitcoin Top In? Binance Withdrawals Could Suggest Otherwise

Quick Summary:

On-chain data shows Bitcoin has continued to flow out of the cryptocurrency exchange Binance even after its latest high above $93,000.

Bitcoin Binance Netflow Has Been Seeing Negative Spikes Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the Exchange Netflow for Binance has registered negative values recently.

As one of the main reasons why investors use these platforms is for selling-related purposes, this kind of trend can be bearish for BTC.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: BTCUSDT Btc Bitcoin Exchange Netflow Bitcoin Binance Netflow Bitcoin Bullish Bitcoin Bitcoin News Bitcoin top Binance Bitcoin Exchange Outflows

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 11:00:01 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 422 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23601987

View Article Analysis

About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions