The cryptocurrency community is predicting that the price of Litecoin ($LTC), a cryptocurrency that is often referred to as the silver to Bitcoin’s gold,...

The meme-inspired cryptocurrency Shiba Inu ($SHIB) has added over 50,000 new holders on the blockchain even amid a cryptocurrency market rout triggered by the...

Advertisement &nbsp &nbsp In the mad rush to calm worried investors and prevent bank runs following the sudden collapse of FTX, crypto exchanges and...

Chainlink (LINK/USD) is now in imminent danger of plunging to a new low in the year....

Ethereum has slipped over 7% on the day as the attacker who purportedly drained FTX wallets dumped a significant portion of their accumulated ETH...

The rumor mill is accusing the now bankrupt crypto exchange FTX of selling bitcoin to buy other cryptos related to FTX. Their bitcoin holdings show...

Advertisement &nbsp &nbsp FTX’s rapid debacle has caused widespread pain for the crypto community, but certainly not close to that of the Solana community....

Advertisement &nbsp &nbsp Crypto holders have been reacting to the dramatic collapse of FTX by withdrawing their Bitcoin, Ethereum and other cryptocurrencies from exchanges...

Investors are pulling funds out of major crypto exchanges as a result of the collapse of FTX, JPMorgan analysts have said. In a note to...

Crypto staking platform Freeway has halted all customer withdrawals, sending its native token plunging over 80% in a matter of hours. Yesterday, Freeway Financial announced they were stopping user withdrawals, citing volatility in the foreign exchange and crypto asset markets. “As all of you will be aware, there has been unprecedented volatility in Foreign Exchange and […]

The post Crypto Staking Platform Freeway Halts All Withdrawals, Triggering 80% Collapse in Native Token appeared first on The Daily Hodl.

Bitcoin is a beacon of hope in a world of uncertainty and despair. By having a monetary constant, people can focus on things that really matter.

On-chain data shows some dormant Bitcoin supply is again moving into exchanges, something that could be bearish for the price of the crypto. Bitcoin Exchange Inflow For Old Coins Has Observed Spikes In Recent Days As pointed out by an analyst in a CryptoQuant post, some coins in the age ranges 2y-3y and 3y-5y have recently been deposited to exchanges. The “exchange inflow” is an indicator that measures the total amount of Bitcoin being transferred into the wallets of all centralized exchanges. When the value of this metric is high, it means investors are depositing large amounts to exchanges right now. Such a trend, when prolonged, can prove to be bearish for the value of the crypto as it can be a sign of dumping from holders. A modified version of this indicator is the exchange inflow “Spent Output Age Bands” (SOAB), which tells us about the individual contribution to the total inflows from the different supply groups in the market. Related Reading: Data: Bitcoin Whales Who Accumulated At $18k Have Continued To Hold Strong These cohorts are categorized based on the amount of time their coins have been sitting still for. The relevant age bands here are “2y-3y” and “3y-5y”; the below chart shows the trend in the exchange inflows coming from these supplies: Looks like the value of the metric for these cohorts has been raised in recent days | Source: CryptoQuant As you can see in the above graph, the Bitcoin exchange inflow SOAB has spiked up for these coin groups during the last couple of days or so. This means that some investors have been depositing sizeable amounts of coins aged between 2 to 3 years and those between 3 to 5 years. Related Reading: This On-Chain Metric Suggests Bitcoin Not In Danger Of Another Sharp Drawdown Such old supply is called the “long-term holder” supply. In general, the older the coins are, the less probable they are to move at any point. So, any movement from these coins, especially those to exchanges, may have noticeable implications on the price of Bitcoin. BTC Price At the time of writing, Bitcoin’s price floats around $19.1k, up 1% in the last seven days. Over the past month, the crypto has lost 1% in value. The below chart shows the trend in the price of the coin over the last five days. The value of the crypto seems to have rebounded back from the dip a couple of days ago | Source: BTCUSD on TradingView Bitcoin has continued to show stale price movement in the past week as the crypto has been mostly sticking around the $19k level. Two days or so ago BTC did make an attempt to break the monotony by plunging below to $18.7k, but it wasn’t long before the coin was back at $19k. Featured image from Max Saeling on Unsplash.com, charts from TradingView.com, CryptoQuant.com