The post Is The Tide Turning For Bitcoin? Recent Reserves And Netflows Indicate Market Reversal appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. Analysts from the market intelligence company CryptoQuant note that current patterns in Bitcoin (BTC) metrics indicate possible changes in market dynamics. Bitcoin Price Faces Short-Term Volatility  After a period of steady decline, spot exchange reserves have experienced a notable uptick, reflecting an inflow of 20,000 BTC. This increase suggests that more Bitcoin is being deposited into exchanges, which often indicates an intention to trade or sell.  This type of behavior may add further selling pressure to the Bitcoin price, which has declined almost 7% over the last two weeks, signaling a potential early sign of short-term volatility. Related Reading BTC’s trading reserve in relation to its value. Source: CryptoQuant Simultaneously, netflows across all exchanges have turned positive, with a net increase of 15,800 BTC. This reversal from the predominantly negative trend seen in recent weeks implies that inflows to exchanges are now exceeding outflows.  When combined with rising reserves, this shift strengthens the likelihood of increased trading activity or profit-taking by investors, according to CryptoQuant’s analysis.  While the broader trend in the market has favored accumulation and self-custody, these recent changes may reflect a growing caution among investors, who might be preparing for profit-taking or bracing for a potential price correction. Furthermore, a report by Bloomberg highlights a key metric gauging investor interest in Bitcoin from South Korea, which has risen to a four-month high amid ongoing political turmoil in the East Asian country.  Trading Volumes Surge As Political Crisis Unfolds Known as the “Kimchi Premium,” this metric measures the price gap between Bitcoin on South Korean exchange Upbit and Coinbase. Recently, this premium surged to the range of 3-5%, indicating heightened demand from South Korean investors.  Per the report, the political landscape in South Korea has been tumultuous, particularly following President Yoon…

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Filed under: News - @ December 28, 2024 6:06 am