
Bitcoin exchange deposits decline, mimicking 2019’s bearish trend
Bitcoin withdrawals have been greater than deposits since the FTX collapse, however the gap is closing
Stay ahead with CryptoSlate’s Bitcoin insights, covering news, analysis, price trends, and expert perspectives on the world’s leading digital asset.
CryptoSlate Insights has been discontinued. Visit News for the latest crypto news and market coverage.

Bitcoin withdrawals have been greater than deposits since the FTX collapse, however the gap is closing

Strong economic data sees 50bps back on the table for the fed, Bitcoin holds firm and GBTC discount narrows

There is less than 400k Bitcoin allocated in futures open contracts and 30% is crypto-margin heading to all-time lows.

Roughly $200M worth of Bitcoin was withdrawn from exchanges on March 7.

Kraken and Gemini see Bitcoin withdrawals by retail users, while Coinbase attracts deposits

Asia's shift in investment strategy puts 'smart money' thesis in doubt for 2023

Positive trend continues: Only a few days of negative hash rate adjustments in 2023

Bitcoin Options 25 delta skew suggests investors are hedging with puts since the start of March, but what does it mean?

February saw coins return to exchanges, which saw a build-up of open interest and flat price structure

Bitcoin mining companies demonstrate resilience amidst Bitcoin downturn

Bitcoin perpetual funding rate turns negative. So far in 2023 it's gone wrong for the bears both times, will it be third time lucky?

Due to the build up of futures open interest, the crypto market saw nearly $250M of liquidations in the past 24 hours.

This time is not different, this current bear market cycle is behaving the same as previous ones