On-chain analytics site glassnodeAccording to the latest data shared by , exactly 108,200 BTC was withdrawn from exchanges last week. This represents the amount valued at over $2.2 billion.
Bitcoin Bulls Continue to Stand Strong
Cryptocurrency markets have been going quite erratically for a while and grapple with a lot of uncertainty. The big players in the market, on the other hand, continue to be quite complex in this environment.
According to Glassnode chart and data shared by crypto trading expert Ali Martinez on June 21, more than 108,200 Bitcoins (BTC) have left major crypto exchange wallets since June 14.
This is more bitcoin reveals that investors are more willing to buy rather than sell tokens and/or prefer to store their assets elsewhere. This will also be indicative of a potential uptrend in the near future if it continues like this for several days.
Koinfinans.com As we have mentioned, it is known that entries and exits from Exchanges are highly likely to react to changes in market sentiment. The increase in entries reflects increased selling pressure, while large exits point to increased purchasing pressure.
Binance.US CEO Brian Shroder stated in an interview with Bloomberg on Wednesday that Binance will begin zero-fee trading for BTC. The CEO stated that he expects the number of tokens where such free transactions can be made to increase further in the future.
The move is likely, especially with Binance’s Coinbase, FTX, Gemini, Robinhood, etc. It will increase the competition between stock markets in the USA, where there are big competitors such as.
Generally, inflows and outflows from stock markets are likely to fluctuate with changes in market sentiment. The increase in entries reflects increased selling pressure, while large exits point to increased purchasing pressure. Binance.US will offer zero-fee bitcoin (BTC) trading on the platform Binance.US CEO Brian Shroder told Bloomberg on Wednesday that Binance will begin zero-fee trading for BTC because they “can” and are known for low trading fees.
The CEO also said that the move was made so that the firm could attract new users, and explained that Binance does not monetize free transactions. Binance’s American subsidiary hopes to add more tokens to the free trade category in the future. The firm also wants to generate more revenue from its newly launched staking service, where it gets a share of the returns. The move is likely, especially with Binance’s Coinbase, FTX, Gemini, Robinhood, etc. It will increase the competition between stock markets in the USA, where there are big competitors such as.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.