{"id":493532,"date":"2022-09-16T17:01:08","date_gmt":"2022-09-16T14:01:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-exchange-inflows-see-biggest-one-day-spike-since-march-2020\/"},"modified":"2022-09-16T17:01:08","modified_gmt":"2022-09-16T14:01:08","slug":"bitcoin-exchange-inflows-see-biggest-one-day-spike-since-march-2020","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-exchange-inflows-see-biggest-one-day-spike-since-march-2020\/","title":{"rendered":"# Bitcoin exchange inflows see biggest one-day spike since March 2020"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a33788a80e44\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a33788a80e44\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-exchange-inflows-see-biggest-one-day-spike-since-march-2020\/#%E2%80%9D_Bitcoin_exchange_inflows_see_biggest_one-day_spike_since_March_2020_%E2%80%9C\" >&#8221; Bitcoin exchange inflows see biggest one-day spike since March 2020 &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-exchange-inflows-see-biggest-one-day-spike-since-march-2020\/#%E2%80%9CThe_scent_of_volatility_is_in_the_air%E2%80%9D\" >&#8220;The scent of volatility is in the air&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-exchange-inflows-see-biggest-one-day-spike-since-march-2020\/#Miners_slow_BTC_sales\" >Miners slow BTC sales<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_exchange_inflows_see_biggest_one-day_spike_since_March_2020_%E2%80%9C\"><\/span>&#8221; Bitcoin exchange inflows see biggest one-day spike since March 2020 &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-6ebd806f>Bitcoin (BTC) exchanges have seen huge volumes this month as price declines lead to renewed interest in trading.<\/p>\n<p>Data from sources including on-chain analytics firm Glassnode shows exchange inflows hitting their highest since March 2020.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CThe_scent_of_volatility_is_in_the_air%E2%80%9D\"><\/span>&#8220;The scent of volatility is in the air&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On Sept. 14, over 236,000 BTC made its way to the 1 major exchanges tracked by Glassnode.<\/p>\n<p>This was the largest single-day spike since the chaos that surrounded Bitcoin\u2019s dip to just $3,600 in March 2020.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-09\/71e5dd7b-4b5e-4ce8-9ce7-04e7ffb9ffc3.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin total transfer volume to exchanges chart. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p>The sell-offs in May 2021 and May and June this year failed to match the tally, suggesting that more of the Bitcoin investor base is currently aiming to reduce exposure.<\/p>\n<p>Separate data from analytics firm Santiment <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1570749496598102020\/photo\/1\">covering<\/a> both centralized and decentralized exchanges put the total inflow figure for the week through Sept. 13 at 1.69 million BTC.<\/p>\n<p>\u201cThis was the highest amount of $BTC moved since October, 2021,\u201d it added in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> comments.<\/p>\n<p>As BTC\/USD dipped to near $19,600 this week, meanwhile, some \u201cunusual\u201d signals were coming from interactions with exchanges from both larger and smaller hodlers, according to commentator David P. Ellis.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Orcas vomited 11.8K coins but Minnows returned by the tens of thousands, presumably because alts are beginning to crumble. Exchange flows were tame today for the first day in three, but volume was still well above average. The scent of volatility is in the air.<\/p>\n<p>Go <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> . <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ltSWkrb2QK\">pic.twitter.com\/ltSWkrb2QK<\/a><\/p>\n<p>\u2014 David P. Ellis (@DavidPBitcoin) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DavidPBitcoin\/status\/1570568550066298880?ref_src=twsrc%5Etfw\">September 16, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The action follows the curious movement of long-dormant coins at the start of September, an event initially attributed to the now-defunct exchange Mt. Gox.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Miners_slow_BTC_sales\"><\/span>Miners slow BTC sales<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Returning to trading platforms themselves, Glassnode indicates that exchange balances have increased by roughly 80,000 BTC since the end of August.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin price threatens $19.6K as Ray Dalio predicts 30% stocks crash<\/em><\/strong><\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-09\/dc531a25-9481-4720-989c-4440f6c10cf7.png\"><\/figure>\n<p>Miners, which in August finished a \u201ccapitulation\u201d period in a typically bullish sign for the market, have also continued to sell holdings throughout recent weeks.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-09\/f498dd1d-5c29-4966-a55f-8fdaaeb18873.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin miner net position change chart. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p>The trend, however, is toward miners returning to net hodling BTC that they earn.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-exchange-inflows-see-biggest-one-day-spike-since-march-2020\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin exchange inflows see biggest one-day spike since March 2020 &#8220; Bitcoin (BTC) exchanges have seen huge volumes this month as price declines lead to renewed interest in trading. Data from sources including on-chain analytics firm Glassnode shows exchange inflows hitting their highest since March 2020. &#8220;The scent of volatility is in the air&#8221;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":493533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvN2QyOTc3YmUtMDgwOC00ZjEzLTllZTYtNjFiYmMzNWIyNzhiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,74860,73785],"class_list":["post-493532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-cryptocurrency-exchange","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/493532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=493532"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/493532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/493533"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=493532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=493532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=493532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}