Based on the latest records, total inflows for Bitcoin (BTC) for all crypto exchange platforms recorded a net negative level since July 2021.
Even so, the four crypto exchanges saw a different trend with positive net inflows.
For the record, all crypto exchange platforms have seen net outflows of 46,000 BTC (around RM7,421,108,720) since July 2021.
But for Binance, Bittrex, Bitfinex, and FTX; these four exchanges recorded a net inflow of 207,000 BTC.
At the same time, other platforms recorded a net outflow of 253,000 BTC.
Net inflows = investor movements to sell
Net outflows = hodling sentiment, and high buying to drive up crypto prices
FTX & Huobi
Bitcoin ownership on FTX recorded a 3x double jump, reaching a value of 103,200 BTC
The record at Huobi dropped to 12,300 BTC from over 400,000 BTC in March 2020
Undoubtedly, the total net outflows for these assets indicate the emotional uncertainty of investors because in August and 11 January, there was high pressure in BTC trading activities.
This situation can be attributed to the unsecured direction of the crypto market. Glassnode explained, there has been a change in investor appetite from interest in spot trading to derivatives trading.
Why are inflow records important to the knowledge of crypto investors?
Observations on this aspect help to understand the reaction of investors whether they want to liquidate assets or hodl in some situations.
Not enough of that, low pressure in inflows and outflows could be an indicator to investors ’flat profit and loss ratio (PnL) since early 2021.
At the time of writing, BTC is trading at $ 38,533.71, up over 1% in 24 hours.
