Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Bitcoin rushes to exchanges, but this signal is still positive for the uptrend.
TRADING NEWS

Bitcoin rushes to exchanges, but this signal is still positive for the uptrend.

By Crypto FlexsDecember 12, 20234 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin rushes to exchanges, but this signal is still positive for the uptrend.
Share
Facebook Twitter LinkedIn Pinterest Email

On-chain data shows an increasing trend of Bitcoin moving to exchanges, which is a classic bearish sign, but another signal remains bullish.

Although Bitcoin exchange inflows increased, USDT deposits also increased.

According to data from on-chain analytics firm st tly, Recently, BTC has been flowing into exchanges. The relevant metric here is “exchange supply,” which tracks the percentage of the total circulating supply of a cryptocurrency that is currently in wallets on all centralized exchanges.

advertising


A rising value of this metric means investors are net depositing assets into the platform, while a falling value means outflows are occurring.

The impact one of these trends could have on the market depends on the type of cryptocurrency in question. Santiment shared the chart below that shows how exchange supplies have changed recently for four assets: Bitcoin, Ethereum (ETH), Tether (USDT), and USD Coin (USDC).

Bitcoin rushes to exchanges, but this signal is still positive for the uptrend.

The trends in the exchange supplies of the different top cryptocurrencies | Source: Santiment on X

As you can see in the graph above, both Bitcoin and Ethereum exchange supply had previously been declining, but BTC has recently broken out of this decline and recorded some net deposits.

These deposits first came after BTC rallied to $44,000 and then started trading sideways. Typically, one of the main reasons holders deposit their coins on an exchange is to sell them, so recent inflows could be a sign that a sale is underway.

The recent plunge in assets has also led to a slightly steeper trend in exchange supply growth, suggesting that inflows are actually adding to selling pressure.

Looking at the chart, we can see that Bitcoin supply on exchanges has not yet reversed its trend, a potential indicator that the selling has not fully exhausted itself yet.

Meanwhile, Ethereum continues to see supply leaving these central entities, suggesting that cryptocurrency investors are still likely to engage in net accumulation.

However, what could prove positive for BTC is the fact that Tether supply on exchanges has increased since the crash. Investors typically use stablecoins like USDT and USDC whenever they want to escape the volatility associated with coins like BTC and ETH, but these investors usually only do this as a temporary measure.

If holders plan to exit the cryptocurrency sector altogether, they do so through fiat instead. So choosing stablecoins instead means that they are likely to stay in the market and eventually return to the more volatile side.

Large swaps from stables to Bitcoin and other assets can provide a natural price boost, so exchange inflows can be a bullish signal for these volatile assets.

The most bullish combination is when BTC bounces and USDT exchange supply remains the same. These trends suggest that new capital is entering the sector.

In the current case, Tether exchange supply has increased at the expense of the BTC price, which has only resulted in capital circulation. Nonetheless, the fact that not all capital has fled the sector may still be an optimistic sign for a rally return.

BTC price

Bitcoin plummeted to $40,000 yesterday, but has already shown a rapid recovery as it is currently trading at around $41,700.

bitcoin price chart

Looks like BTC has made some recovery from its lows | Source: BTCUSD on TradingView

Featured image from Shutterstock.com, chart from TradingView.com, Santiment.net

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Source: NewsBTC.com

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Don’t invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

like this:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

ETFs and liquidity drive outlook for 2026

October 19, 2025

IRANcoin Global Reserve (IRCOIN) launches to reshape global digital payments

October 18, 2025

AI and Bitcoin mining stocks soar after OpenAI closes multibillion-dollar chip deal with AMD

October 17, 2025
Add A Comment

Comments are closed.

Recent Posts

DAOs are redefining corporations, but the law is not yet ready.

October 20, 2025

BitDCA Staking Agreement Audit Summary

October 19, 2025

ETFs and liquidity drive outlook for 2026

October 19, 2025

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Billionaire Tim Draper Leads $3.2M Seed Round For Ryder To Replace Seed Phrases With TapSafe Recovery

October 18, 2025

IRANcoin Global Reserve (IRCOIN) launches to reshape global digital payments

October 18, 2025

Fusaka Update – Information for Blob Users

October 18, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 18, 2025

BTC RSI hits April low as Coinbase premium turns red.

October 18, 2025

The Great Inheritance and Crypto: What you need to know.

October 17, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 17, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

DAOs are redefining corporations, but the law is not yet ready.

October 20, 2025

BitDCA Staking Agreement Audit Summary

October 19, 2025

ETFs and liquidity drive outlook for 2026

October 19, 2025
Most Popular

Operating profit falls 20% in 7 days: Whose prediction is favorable?

January 24, 2024

AVAX – 86% decline in sales in Q1 continues in Q2.

April 13, 2024

Crypto Analyst Issues Solana Alert, Says SOL Prints Same Technical Pattern As Market Highs 2021

December 12, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.