Bitcoin Exchange Inflows Reach $2.6 Billion, Largest Since April
A similar inflow peak preceded a Bitcoin price top by several weeks the last time one occurred.
A similar inflow peak preceded a Bitcoin price top by several weeks the last time one occurred.
Coinbase’s spot book showed $33.17 million in sell-side depth and $18.52 million in buy-side depth, with Bitcoin quoted at $80,646.
The securities have financed purchases of nearly 136,000 bitcoin, opening a funding channel that analysts expect to complement the larger ETF market.
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Bitcoin (BTC) slipped below $80,000 on Saturday as more than $200 million in crypto positions were liquidated within an hour. Traders betting on higher prices
Bitcoin was down 1.01% at $80,854, while long positions accounted for $200.6 million in liquidations across three exchanges.
Q fell 34.35% to $0.080162 over 24 hours, while PHA and CT lost 24.38% and 22.22%, respectively.
The company listed no net additions for the week. Its prior update put production at 294.2 BTC through Oct. 16.
Nearby buy orders were $10.19 million above sell orders, equal to 10.46% of combined depth.
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