{"id":513411,"date":"2022-12-22T12:00:48","date_gmt":"2022-12-22T17:00:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=513411"},"modified":"2024-06-11T08:09:55","modified_gmt":"2024-06-11T08:09:55","slug":"bitcoin-refuses-to-budge","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-refuses-to-budge\/","title":{"rendered":"Exchange Inflows, Outflows At A Stalemate As Bitcoin Refuses To Budge"},"content":{"rendered":"

Bitcoin is still struggling below $17,000 and centralized exchange inflows and inflows seem to be mirroring the trend of the digital asset. Over the last 24 hours, the net flows from exchanges have been seeing a near balance between inflows and outflows.<\/p>\n

Balancing Each Other Out<\/h2>\n

The exchange net flows reported by Glassnode show barely any difference between the amounts flowing into and out of exchanges. For bitcoin, it recorded $538.6 million worth of BTC flowing into exchanges and $557.4 million flowing out for the same time period. This brought net flows to a measly negative $18.8 million in the 24-hour period.<\/p>\n

Related Reading: https:\/\/ktsl888.com\/news\/bitcoin\/microstrategy-bought-bitcoin\/<\/a><\/div>\n

Ethereum was not much different in this regard with $247.8 million in inflows and $245 million in outflows. For the second-largest cryptocurrency by market cap, net flows were at a positive $2.8 million, showing even less disparity compared to bitcoin.<\/p>\n

The USDT stablecoin issued by Tether was still very muted in this regard. The $563.6 million in outflows compared to $572.8 million in inflows brought its net flows to a positive $9.2 million. More disparity compared to ethereum but is just as muted.<\/p>\n

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\ud83d\udcca Daily On-Chain Exchange Flow#Bitcoin<\/a> $BTC<\/a>
\u27a1\ufe0f $538.6M in
\u2b05\ufe0f $557.4M out
\ud83d\udcc9 Net flow: -$18.8M
#Ethereum<\/a> $ETH<\/a>
\u27a1\ufe0f $247.8M in
\u2b05\ufe0f $245.0M out
\ud83d\udcc8 Net flow: +$2.8M
#Tether<\/a> (ERC20) $USDT<\/a>
\u27a1\ufe0f $572.8M in
\u2b05\ufe0f $563.6M out
\ud83d\udcc8 Net flow: +$9.2M
https:\/\/t.co\/dk2HbGwhVw<\/a><\/p>\n

— glassnode alerts (@glassnodealerts) December 22, 2022<\/a><\/p><\/blockquote>\n