The biggest news in the cryptoverse for Nov. 23 includes Bitcoin hash ribbon metric’s indication of an upcoming miner capitulation, on-chain...

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Outflows have been the order of the day since the price of cryptocurrencies such as Bitcoin had begun to crash. The same sentiment had...

CoinShares data shows that Bitcoin funds saw $453 million in outflows last week as the ProShares short BTC strategy ETF saw $15.3 million in...

Bitcoin’s price is at risk of going down because investors are funding short positions in Bitcoin by borrowing digital money from exchanges. Datamish shows that investors are funding short, causing the value of Bitcoin to go down. Bitcoin fell again on Friday, despite a surge in capital inflow from large wallet investors and institutions. Brevan Howard Asset Management LLP and Tudor Investment Corp refreshed their bitcoin holdings by adding more of the cryptocurrency to their portfolios. Related Reading | Bitcoin Outflows Spike As 30k BTC Exits Exchanges, Reserve Plunges Down The growing geopolitical tension and the increasingly tense crisis in Russian-Ukraine are negatively impacting investor risk appetites for both equities as well crypto. This has fueled a bearish narrative surrounding Bitcoin’s price, which plunged below $40,000 with no signs of letting up. Cryptocurrencies are not without their risks, and it seems that even large investors know this. On March 11th of 2022, survey data from Datamish showed 1,500 Bitcoin being lent out as short positions to finance those risks- a total debt amounting close enough for a 3,603 BTC loan. Following an increase in funding for short positions, there have usually been negative consequences such as price drops. Analysts have been monitoring the recent changes in Bitcoin price, predicting that it will continue to fall. They believe there is still a significant risk for an upcoming decline, even after its recent recovery. The Bitcoin price recovery is attributed to the first bearish Ichimoku breakout since December 4, 2021. Analysts believe Bitcoin price has formed a bottom in the $38,000 -$38500 range. This is an important confirmation zone for trading on bitcoin. This may signal more losses for investors who have been selling assets in anticipation of an upcoming crash. According To Reuters, Russians Flooded The UAE With Liquidation Requests In a Russia- drowning attempt to save their fortune, company executives and financial sources told Reuters that many Russians flooded the UAE’s cryptocurrency firms with liquidation requests. That’s not all they want to do. Some of these investors are looking for real estate in the UAE. While others plan to convert it into fiat and hide their money somewhere else – insiders reported. Related Reading | Bitcoin Exchange Withdrawals Suggests Whales Are Accumulating The Swiss financial industry is currently in chaos. In fact, brokers requested the withdrawal of billions of dollars worth of Bitcoin. The request came from their clients concerned that Switzerland might freeze all funds. One representative claims they have received requests for up to $2B.  The UAE has been a neutral ground for Russians and Belarusians who have come to Dubai with their money to avoid being left out during any wars that may break out. There’s even been talk of people bringing cryptocurrencies here because they know it will always stay safe no matter what side wins. According to sources in the UAE, many Russians purchase real estate with cryptocurrency. They’re using digital forms of money both ways – bringing their resources into Dubai while getting them out from other regions. Featured image from Pixabay, chart from Tradingview.com

After leaping over $40,000 and just brushing $45,000 with its fingertips, Bitcoin fell back below $40,000. Adding to that, the king coin was revisiting the prices it passed in late February. Even at press time, Bitcoin was painting a red candle. Rather than giving up in frustration, however, it’s time to see what the metrics […]

.With February in full swing, let's take a look back at the biggest news stories from the worlds of Forex, Fintech and Crypto, in our best of the week segment.

Bitcoin exchange supply is shrinking. Amid global adoption and holding trends, BTC owners have moved their digital assets from trading platforms to crypto wallets substantially in the last three ye...

Bitcoin continues to exude strength despite the price being 38% below its all-time high. This strength is however being attributed to several reasons that experts argue are key recipes in igniting a sustained bull run this winter. Bitcoin Outflows Surge One glaring development has been the abrupt rise in Bitcoin outflows this week. According to […]

The recovering market is slowly losing its strength since the overall crypto market led by the king coin Bitcoin itself made barely any difference in the last seven days.  Bitcoin in a rut  Last week after Bitcoin dipped by over 13% in just a couple of days, some ray of hope came in the form […]

Bitcoin has enjoyed some uptrend over the past day as the crypto once again visits the $44k price level. On-chain data suggests that an uptick in exchange outflows may be behind the move. Bitcoin Exchange Outflows Observe A Spike In The Past Couple Of Days As pointed out by an analyst in a CryptoQuant post, the BTC exchange outflows have showed raised values recently. The “all exchanges outflow” is an indicator that measures the total amount of Bitcoin exiting wallets of all exchanges. When the value of the metric goes up, it means more BTC is currently exiting exchanges. Such a trend has usually been bullish as holders usually withdraw their coins to personal wallets for hodling purposes. Prolonged large outflows can be a sign of whale accumulation. On the other hand, when the indicator’s value stays low, it implies not many investors are moving their Bitcoin off exchanges at the moment. This trend can be bearish if the opposite metric, the inflow, spikes up. This is because holders usually deposit to exchanges for withdrawing to fiat or for purchasing altcoins. Related Reading | Bitcoin Death Cross 2022: What You Need To Know About The Deadly Signal Now, here is a chart that shows the trend in the Bitcoin all exchanges outflow indicator over the past year: The indicator's value seems to have spiked up | Source: CryptoQuant As you can see in the above graph, the value of the Bitcoin outflow has shown an uptick recently. This means that a large amount of withdrawals has taken place over the past couple of days. Related Reading | SOPR Shows Bitcoin Holders Continue To Sell At A Loss, Similar To May-June 2021 According to the quant, this trend might show that the $40k price level is important to some investors. Whenever the crypto approaches a support level, outflow spikes like these usually occur as holders are keen to buy more as Bitcoin’s value dips to such levels. BTC Price At the time of writing, Bitcoin’s price floats around $43.8k, up 2% in the last seven days. Over the past month, the crypto has lost 12% in value. The below chart shows the trend in the price of BTC over the last five days. BTC's price seems to have finally shown some upwards momentum | Source: BTCUSD on TradingView After weeks of trending downtrend, Bitcoin finally seems to have shown some solid movement up as the crypto broke past the $44k mark several times in the past day. The move may have been fueled by the recent uptick in the exchange outflows. It’s unclear at the moment if this is the rally that will help the crypto escape from the $40k to $45k range. Nonetheless, it’s some upwards momentum for the coin at last. Featured image from Unspash.com, charts from TradingView.com, CryptoQuant.com