{"id":610937,"date":"2024-06-01T12:00:37","date_gmt":"2024-06-01T12:00:37","guid":{"rendered":"https:\/\/ktsl888.com\/?p=610937"},"modified":"2024-06-11T07:07:21","modified_gmt":"2024-06-11T07:07:21","slug":"2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/","title":{"rendered":"$2.5 Billion In Bitcoin Flows Out Of Centralized Exchanges – Time To Buy?"},"content":{"rendered":"

Investor confidence appears to be on the rise in the crypto market lately, and Bitcoin has been a major beneficiary of this positive trend<\/a>. Consequently, there has been a continuous accumulation of BTC amongst large-scale investors despite its somewhat frustrating price action.<\/span><\/p>\n

The premier cryptocurrency\u2019s price may have ended May beneath the psychological $70,000 mark, despite having touched the level a couple of times in the last two weeks of the month. The latest on-chain data suggests that the faith in Bitcoin has only continued to grow strong.<\/span><\/p>\n

Is BTC Primed For A Price Rally?<\/strong><\/h2>\n

Prominent crypto analyst Ali Martinez shared via a post on the X<\/a> platform that substantial amounts of Bitcoin have been making their way out of centralized exchanges. This on-chain observation is based on the CryptoQuant Exchange Reserve metric, which tracks the amount of a particular cryptocurrency in the wallets of all centralized exchanges.<\/span><\/p>\n

Related Reading: Only 8 Altcoins Have Broken ATH Against Bitcoin Since FTX\u2019s Collapse \u2013 Analyst Weighs In<\/a><\/div>\n

An increase in the metric\u2019s value indicates that investors are making more deposits than withdrawals of a crypto asset (Bitcoin, in this scenario) into centralized exchanges. Meanwhile, when the metric<\/a> declines in value, it implies that more coins are moving out than into the trading platforms.<\/span><\/p>\n

According to Martinez\u2019s post, more than 37,000 BTC (worth roughly $2.53 billion) have been transferred out of crypto exchanges in the past three days. This significant exodus of funds indicates a change in sentiment and the long-term holding strategy of Bitcoin investors.\u00a0<\/span><\/p>\n

\"Bitcoin\"
Chart showing BTC balance on all exchanges | Source: Ali_charts\/X<\/a><\/figcaption><\/figure>\n

While it is difficult to tell the exact rationale behind the massive outflow from exchanges<\/a>, the movement of funds from trading platforms suggests an increase in investor confidence. This indicates that many investors might be convinced by the future promise of Bitcoin, thereby opting to store their assets in self-custodial wallets in the long term.<\/span><\/p>\n

What’s more, the downward spiral of Bitcoin\u2019s supply on centralized exchanges could trigger a bullish rally for the premier cryptocurrency\u2019s price. The sustained decline in BTC\u2019s balance on exchanges could result in a supply crunch<\/a>. <\/span><\/p>\n

For context, the supply crunch refers to a scenario or period during which the supply of a particular asset is lower than the demand for it, resulting in a surge in the asset\u2019s value.\u00a0<\/span><\/p>\n

Bitcoin Price At A Glance<\/strong><\/h2>\n

As of this writing, the price of Bitcoin<\/a> stands around $67,489, reflecting a 1.5% decline in the past 24 hours. This sluggish performance in the past day underscores the premier cryptocurrency\u2019s struggles in the past week. According to CoinGecko\u2019s data, the BTC price is down by nearly 2% in the last seven days.<\/span><\/p>\n

Related Reading: Ethereum Bloodbath: Over $55 Million In Longs Liquidated As Price Plummets<\/a><\/div>\n
\"Bitcoin\"
BTC price thickens around $68,000 on the daily timeframe | Source: BTCUSDT chart on TradingView<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from TradingView<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

Investor confidence appears to be on the rise in the crypto market lately, and Bitcoin has been a major beneficiary of this positive trend. Consequently, there has been a continuous accumulation of BTC amongst large-scale investors despite its somewhat frustrating price action. The premier cryptocurrency\u2019s price may have ended May beneath the psychological $70,000 mark, despite having touched the level a couple of times in the last two weeks of the month. The latest on-chain data suggests that the faith in Bitcoin has only continued to grow strong. Is BTC Primed For A Price Rally? Prominent crypto analyst Ali Martinez shared via a post on the X platform that substantial amounts of Bitcoin have been making their way out of centralized exchanges. This on-chain observation is based on the CryptoQuant Exchange Reserve metric, which tracks the amount of a particular cryptocurrency in the wallets of all centralized exchanges. Related Reading: Only 8 Altcoins Have Broken ATH Against Bitcoin Since FTX\u2019s Collapse \u2013 Analyst Weighs In An increase in the metric\u2019s value indicates that investors are making more deposits than withdrawals of a crypto asset (Bitcoin, in this scenario) into centralized exchanges. Meanwhile, when the metric declines in value, it implies that more coins are moving out than into the trading platforms. According to Martinez\u2019s post, more than 37,000 BTC (worth roughly $2.53 billion) have been transferred out of crypto exchanges in the past three days. This significant exodus of funds indicates a change in sentiment and the long-term holding strategy of Bitcoin investors.\u00a0 While it is difficult to tell the exact rationale behind the massive outflow from exchanges, the movement of funds from trading platforms suggests an increase in investor confidence. This indicates that many investors might be convinced by the future promise of Bitcoin, thereby opting to store their assets in self-custodial wallets in the long term. What’s more, the downward spiral of Bitcoin\u2019s supply on centralized exchanges could trigger a bullish rally for the premier cryptocurrency\u2019s price. The sustained decline in BTC\u2019s balance on exchanges could result in a supply crunch. For context, the supply crunch refers to a scenario or period during which the supply of a particular asset is lower than the demand for it, resulting in a surge in the asset\u2019s value.\u00a0 Bitcoin Price At A Glance As of this writing, the price of Bitcoin stands around $67,489, reflecting a 1.5% decline in the past 24 hours. This sluggish performance in the past day underscores the premier cryptocurrency\u2019s struggles in the past week. According to CoinGecko\u2019s data, the BTC price is down by nearly 2% in the last seven days. Related Reading: Ethereum Bloodbath: Over $55 Million In Longs Liquidated As Price Plummets Featured image from iStock, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":610939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87818,428,679,1119,78790,83531,92488],"class_list":["post-610937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ali-martinez","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusdt","tag-cryptoquant","tag-supply-crunch"],"acf":[],"yoast_head":"\n$2.5 Billion In Bitcoin Flows Out Of Centralized Exchanges - Time To Buy?<\/title>\n<meta name=\"description\" content=\"Investor confidence appears to be on the rise in the crypto market lately, and Bitcoin has been a major beneficiary of this positive trend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$2.5 Billion In Bitcoin Flows Out Of Centralized Exchanges - Time To Buy?\" \/>\n<meta property=\"og:description\" content=\"Investor confidence appears to be on the rise in the crypto market lately, and Bitcoin has been a major beneficiary of this positive trend.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-01T12:00:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:07:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/iStock-1224361225.jpeg?fit=1243%2C843\" \/>\n\t<meta property=\"og:image:width\" content=\"1243\" \/>\n\t<meta property=\"og:image:height\" content=\"843\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Opeyemi Sule\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/fwOpeyemi\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Opeyemi Sule\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/\"},\"author\":{\"name\":\"Opeyemi Sule\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8\"},\"headline\":\"$2.5 Billion In Bitcoin Flows Out Of Centralized Exchanges – Time To Buy?\",\"datePublished\":\"2024-06-01T12:00:37+00:00\",\"dateModified\":\"2024-06-11T07:07:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/\"},\"wordCount\":504,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/iStock-1224361225.jpeg?fit=1243%2C843\",\"keywords\":[\"Ali Martinez\",\"bitcoin\",\"bitcoin price\",\"btc\",\"BTCUSDT\",\"cryptoquant\",\"Supply Crunch\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/\",\"url\":\"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/\",\"name\":\"$2.5 Billion In Bitcoin Flows Out Of Centralized Exchanges - Time To Buy?\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/iStock-1224361225.jpeg?fit=1243%2C843\",\"datePublished\":\"2024-06-01T12:00:37+00:00\",\"dateModified\":\"2024-06-11T07:07:21+00:00\",\"description\":\"Investor confidence appears to be on the rise in the crypto market lately, and Bitcoin has been a major beneficiary of this positive trend.\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/iStock-1224361225.jpeg?fit=1243%2C843\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/iStock-1224361225.jpeg?fit=1243%2C843\",\"width\":1243,\"height\":843,\"caption\":\"Woman inserting Bitcoin in gold piggy bank\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"$2.5 Billion In Bitcoin Flows Out Of Centralized Exchanges – Time To Buy?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8\",\"name\":\"Opeyemi Sule\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c7504c9f8f2e0b8be7c07a8cf7ed4119?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c7504c9f8f2e0b8be7c07a8cf7ed4119?s=96&d=mm&r=g\",\"caption\":\"Opeyemi Sule\"},\"description\":\"Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. \u201cLooking\u201d is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi\u2019s favorite part - in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. \u201cThis emphasizes the intricacies of blockchain technology and the cryptocurrency market,\u201d he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi\u2019s Spotify Daily Mix. Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that. Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/opeyemi-sule-027bb5227\",\"https:\/\/x.com\/https:\/\/twitter.com\/fwOpeyemi\"],\"url\":\"https:\/\/ktsl888.com\/author\/oluwatosino\/\"}]}<\/script>\n","yoast_head_json":{"title":"$2.5 Billion In Bitcoin Flows Out Of Centralized Exchanges - Time To Buy?","description":"Investor confidence appears to be on the rise in the crypto market lately, and Bitcoin has been a major beneficiary of this positive trend.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/","og_locale":"en_US","og_type":"article","og_title":"$2.5 Billion In Bitcoin Flows Out Of Centralized Exchanges - Time To Buy?","og_description":"Investor confidence appears to be on the rise in the crypto market lately, and Bitcoin has been a major beneficiary of this positive trend.","og_url":"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-06-01T12:00:37+00:00","article_modified_time":"2024-06-11T07:07:21+00:00","og_image":[{"width":1243,"height":843,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/iStock-1224361225.jpeg?fit=1243%2C843","type":"image\/jpeg"}],"author":"Opeyemi Sule","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/fwOpeyemi","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Opeyemi Sule","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/"},"author":{"name":"Opeyemi Sule","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8"},"headline":"$2.5 Billion In Bitcoin Flows Out Of Centralized Exchanges – Time To Buy?","datePublished":"2024-06-01T12:00:37+00:00","dateModified":"2024-06-11T07:07:21+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/"},"wordCount":504,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/iStock-1224361225.jpeg?fit=1243%2C843","keywords":["Ali Martinez","bitcoin","bitcoin price","btc","BTCUSDT","cryptoquant","Supply Crunch"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/","url":"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/","name":"$2.5 Billion In Bitcoin Flows Out Of Centralized Exchanges - Time To Buy?","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/iStock-1224361225.jpeg?fit=1243%2C843","datePublished":"2024-06-01T12:00:37+00:00","dateModified":"2024-06-11T07:07:21+00:00","description":"Investor confidence appears to be on the rise in the crypto market lately, and Bitcoin has been a major beneficiary of this positive trend.","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/iStock-1224361225.jpeg?fit=1243%2C843","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/iStock-1224361225.jpeg?fit=1243%2C843","width":1243,"height":843,"caption":"Woman inserting Bitcoin in gold piggy bank"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"$2.5 Billion In Bitcoin Flows Out Of Centralized Exchanges – Time To Buy?"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/f00d04323451aba53c6c7cca439248b8","name":"Opeyemi Sule","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c7504c9f8f2e0b8be7c07a8cf7ed4119?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7504c9f8f2e0b8be7c07a8cf7ed4119?s=96&d=mm&r=g","caption":"Opeyemi Sule"},"description":"Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. \u201cLooking\u201d is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi\u2019s favorite part - in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. \u201cThis emphasizes the intricacies of blockchain technology and the cryptocurrency market,\u201d he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger. When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi\u2019s Spotify Daily Mix. Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K. Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that. Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.","sameAs":["https:\/\/www.linkedin.com\/in\/opeyemi-sule-027bb5227","https:\/\/x.com\/https:\/\/twitter.com\/fwOpeyemi"],"url":"https:\/\/ktsl888.com\/author\/oluwatosino\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"$2.5 Billion In Bitcoin Flows Out Of Centralized Exchanges – Time To Buy?","url":"http:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/iStock-1224361225.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/iStock-1224361225.jpeg?fit=1243%2C843"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Opeyemi Sule"}],"creator":["Opeyemi Sule"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ali martinez","bitcoin","bitcoin price","btc","btcusdt","cryptoquant","supply crunch"],"dateCreated":"2024-06-01T12:00:37Z","datePublished":"2024-06-01T12:00:37Z","dateModified":"2024-06-11T07:07:21Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"$2.5 Billion In Bitcoin Flows Out Of Centralized Exchanges – Time To Buy?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/2-5-billion-in-bitcoin-flows-out-of-centralized-exchanges-time-to-buy\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/iStock-1224361225.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/iStock-1224361225.jpeg?fit=1243%2C843\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Opeyemi Sule\"}],\"creator\":[\"Opeyemi Sule\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ali martinez\",\"bitcoin\",\"bitcoin price\",\"btc\",\"btcusdt\",\"cryptoquant\",\"supply crunch\"],\"dateCreated\":\"2024-06-01T12:00:37Z\",\"datePublished\":\"2024-06-01T12:00:37Z\",\"dateModified\":\"2024-06-11T07:07:21Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/iStock-1224361225.jpeg?fit=1243%2C843","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/610937"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/590"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=610937"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/610937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/610939"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=610937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=610937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=610937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}