In the last two days the flow of funds into the largest trading platform exceeds outflow. Trading information platforms BitMEX, Binance and Bitstamp indicate that now the market is dominated by the accumulation of bitcoins.
For example, in exchange BitMEX Binance and users transferred $83 million and $37 million to buy cryptocurrencies were withdrawn $69 million and $10 million respectively. Such statistics leads the service TokenAnalyst. At the same time on platforms Bitfinex and Bittrex until the outflow exceeds their inflow.
According to experts, if cryptocurrency platform captures the increase in capital inflows, the observed cumulative activity of the players. In this case we can speak about the imminent bullish reversal bitcoin.
24H BTC exchange on-chain flows:#binance: $83M in | $69M out#bitmex: $37M in | $10M out#bitfinex: $8M in | $56M out#bitstamp: $65M in | $34M out#bittrex: $2M in | $3M out#poloniex: $1M in $4M out
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For the past two days BTC has demonstrated relative stability, trading at $10 400 – $500 10.
The trader, who introduced himself on Twitter as Cantering Clark, believes that the accumulation of signals the imminent boost. However, to be completely confident that the coin will rise, until it is impossible.
The dominance of BTC remains above 70%, which is the highest rate in two years. The interest in bitcoin prevails over the demand for other digital currencies. It can be connected not only with the fact that BTC is perceived by many investors as a safe-haven asset, but with the upcoming launch of transactions on the platform Bakkt.
Full trading will start on September 23, and the depositing area permitted 6 Sep.
Bakkt Warehouse custody is live.
Now accepting customer bitcoin deposits and withdrawals. Only 17 days until the Bakkt Daily and Monthly Futures contracts launch on Sep 23.