news

bitcoin

1 X bitcoin bitcoin =

Saturday

24 October 2020

Seller shortage? Bitcoin exchange reserves plunge as BitMEX bleeds BTC

Seller shortage? Bitcoin exchange reserves plunge as BitMEX bleeds BTC


smart summary beta

Bitcoin exchange reserves plunge as BitMEX bleeds BTC.

Bitcoin (BTC) exchange reserves are continuously plummeting as analysts pinpoint the trend to a shortage of sellers.

Behind the steep trend could be two major factors: a decline in sellers and lower trust toward exchanges.

He emphasized that BTC outflows from exchanges are growing as cash reserves from institutions are flowing into Bitcoin.

The confluence of stagnant retail outflows from Bitcoin and the consistent demand from institutions buoy the general sentiment around BTC. .

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.2)

Article Metadata

author

site

cointelegraph.com
Market data feeds provided by cryptocompare.com
bitsmart 2018