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24 June 2021

Bitcoin, Ethereum Flows Show Signs of Accumulation | Crypto Briefing

Bitcoin, Ethereum Flows Show Signs of Accumulation | Crypto Briefing


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Bitcoin and Ethereum surged yesterday, buoyed by the largest daily outflow since February and an increase in the number of whale wallets.

The return of negative flow indicates that investors moved more Bitcoin from exchanges to self-hosted wallets and other applications.

The number of whale-sized Bitcoin and Ethereum wallets also spiked yesterday, which is a positive sign for long-term bullish action.

The number of Bitcoin wallets holding more than 1,000 BTC fell yesterday but is up 16 since the start of the week.

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