A blockchain indicator tracking the flow of coins in and out of centralized exchanges is signaling a bearish shift in investor sentiment similar to the one seen before the May 2021 crash.Glassnode data shows the 90-day moving average of net exchange flows has turned positive, meaning more coins are entering exchanges than leaving.Sustained net inflows, if any, would be a cause … [Read more...] about Bitcoin’s Net Exchange Flows Flip Bearish As Cryptocurrency Struggles For Directional Bias
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The Nucleus of the Forex Market: Trade and Capital Flows
Talking Points:The Nucleus of the Forex Market are Trade and Capital FlowsThis article shows why trade and capital flows, driven by currency spot prices, can be so impactful to an economy and a company operating inside of that economy.Below, we look at a hypothetical example using real prices and actual scenarios that have impacted the Japanese economy. At the core of the FX … [Read more...] about The Nucleus of the Forex Market: Trade and Capital Flows
Bank account flows for South Korean crypto exchanges surge 40% since 2020
As cryptocurrency markets grew in the first quarter of 2021, South Korean banks saw record volumes of deposits and withdrawals to local crypto exchanges.South Korean commercial banks processed 64.2 trillion won ($57.9 billion) of transactions on real-name bank accounts linked to crypto exchanges in Q1 2021, according to data from Financial Supervisory Service acquired by … [Read more...] about Bank account flows for South Korean crypto exchanges surge 40% since 2020
Ethereum whales refuse to sell as more ETH flows into DeFi
The number of addresses holding more than 10,000 ETH has hardly changed since the asset hit an all-time high of $2,050 on Feb. 20.In fact, according to data from Santiment, the number of wallets holding over 10K ETH — worth around $17.7 million at current prices — has declined by just 0.9% over the past four months. That compares to a 7.2% fall in the number of wallets holding … [Read more...] about Ethereum whales refuse to sell as more ETH flows into DeFi