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Insights
Bitcoin fights to get above $58,000 as Fed maintains unchanged rates Bitcoin’s recent decline mirrors past cycle trends Bitcoin ETFs endure outflows, totaling $635 million over five trading days Bitcoin faces potential miner capitulation as hash rate continues to drop Bitcoin falls below $57k as $13 billion in leveraged shorts placed on major exchanges
Whale outflow from Huobi sees Bitcoin over $31K Whale outflow from Huobi sees Bitcoin over $31K James Van Straten · 10 months ago
Insights BitcoinETFs

Whale outflow from Huobi sees Bitcoin over $31K

Data via Glassnode

Bitcoin jumps to over $31,200, up almost 3% on the day

James Van Straten / @jvs_btc / Jul. 6, 2023 at 10:13 am UTC

Quick Take

  • Bitcoin jumps to over $31,200, up almost 3% on the day
  • A whale outflow from Huobi saw almost 7,500 Bitcoin leave the exchange.
  • Huobi now has less than 20,000 Bitcoin on the exchange; this comes after a report by Willy Woo of Huobi collateral continuing to be drained.
Netflow: (Source: Glassnode)
Netflow: (Source: Glassnode)
Balance on exchange: (Source: Glassnode)
Balance on exchange: (Source: Glassnode)
Analyst

James Van Straten

Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

Latest Insights
Bitcoin fights to get above $58,000 as Fed maintains unchanged rates

Bitcoin fights to get above $58,000 as Fed maintains unchanged rates

49 mins ago
Bitcoin’s recent decline mirrors past cycle trends

Bitcoin’s recent decline mirrors past cycle trends

Data via Glassnode 2 hours ago
Bitcoin ETFs endure outflows, totaling $635 million over five trading days

Bitcoin ETFs endure outflows, totaling $635 million over five trading days

Data via Glassnode 5 hours ago

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