Bitcoin Whales Load Their Bags: $1.7 Billion In BTC Flow Out Of Exchanges

Quick Summary:

The price of Bitcoin — and the general market — started the week with one of the largest declines they have seen in 2024.

While this broad market downturn resulted in widespread fear and panic amongst crypto enthusiasts, it appears that many investors took the opportunity to amass more digital assets at low prices.

An increase in the Netflows’ value (or when it is positive) signals that more funds are entering than leaving crypto exchanges.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: Hungary

Topics: Bitcoin Bitcoin price Bitcoin BTCUSDT Bitcoin whales IntoTheBlock

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-10 @ 15:00:39 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 22007028

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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