Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Quick Take
- Yesterday, $200 million worth of Bitcoin was withdrawn from exchanges.
- This adds to the continuation of Bitcoin being taken off exchanges.
- Roughly 34,000 Bitcoin have been taken off exchanges in the past nine days.
- There was also a short squeeze — as the perpetual funding rate was negative.
- Premium on puts started to go higher, according to Options 25 Delta Skew ( 1 Week).
Netflow: (Source: Glassnode)
The post Bitcoin bulls rejoice: YTD high in sight – further $200M BTC withdrawn from exchanges appeared first on CryptoSlate.
Publication date
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.