alexametrics

Bitcoin Outflows Aren't the Bullish Signal You Think They Are

cryptocurrency 2 months ago
Flipboard


As billions of dollars worth of bitcoin flow out of exchanges, the price of bitcoin is shooting up. Still, conventional wisdom suggests when considerable amounts of bitcoin exit exchanges, the hodlers are storing away coins in their cold-storage hoards, presumably forever. So who is hoarding bitcoin? "All About Bitcoin" host Christine Lee breaks down the Chart of the Day. #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 Site: https://www.coindesk.com Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/3104779/admin Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.
Read Entire Article