{"id":7102,"date":"2025-01-08T14:49:26","date_gmt":"2025-01-08T13:49:26","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=7102"},"modified":"2025-01-08T14:49:26","modified_gmt":"2025-01-08T13:49:26","slug":"bitcoin-binance-netflow-turns-bearish-understanding-the-implications","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/01\/08\/bitcoin-binance-netflow-turns-bearish-understanding-the-implications\/","title":{"rendered":"Bitcoin Binance Netflow Turns Bearish: Understanding the Implications"},"content":{"rendered":"

<\/p>\n

\n

On-chain information indicates that the Bitcoin netflow on Binance has recently turned negative. Here\u2019s what this could signify for the asset\u2019s valuation.<\/p>\n

14-Day SMA Bitcoin Binance Netflow Has Recently Declined<\/h2>\n

In a CryptoQuant Quicktake article<\/a>, an analyst examined the trend in the 14-day simple moving average (SMA) of the Bitcoin Exchange Netflow for the Binance<\/a> exchange.<\/p>\n

The \u201cExchange Netflow<\/a>\u201d refers to an indicator that monitors the net amount of the cryptocurrency entering or leaving the wallets connected to a particular centralized exchange.<\/p>\n

A positive reading of this indicator means that investors are depositing a net total of coins onto these platforms. One of the primary reasons holders transfer assets to exchanges is for selling, making such a trend potentially bearish for the asset.<\/p>\n

Conversely, a negative reading suggests that the exchange is experiencing more outflows than inflows. This trend might indicate that investors are accumulating<\/a> coins, which could be bullish for the cryptocurrency\u2019s price.<\/p>\n

Here\u2019s a chart illustrating the Bitcoin Exchange Netflow for Binance and its corresponding 14-day SMA over recent months:<\/p>\n<\/p>\n

The metric appears to have experienced a considerable negative spike recently | Source: CryptoQuant<\/a><\/pre>\n
As revealed in the above chart, the Bitcoin Exchange Netflow for Binance has notably declined in the last day, indicating that a significant number of tokens have been withdrawn from the exchange.<\/p>\n
In the latter half of the previous month, the indicator mostly remained in the positive zone, resulting in the 14-day SMA remaining above zero.<\/p>\n
The chart highlights periods where the 14-day SMA has displayed this trend over recent months. It seems that such patterns have generally resulted in short-term declines for the asset during this timeframe. The latest inflows into the exchange were also associated with a decrease in Bitcoin’s price.<\/p>\n
Following the recent considerable negative spike in the daily version of the Binance Exchange Netflow, its 14-day SMA value has also fallen back into the negative territory.<\/p>\n
While a rise into positive territory typically precedes a short-term decline for the asset, a drop into the negative area generally leads to bullish price movements. Therefore, Bitcoin might currently be favorably positioned based on this indicator.<\/p>\n
In total, users of the exchange have withdrawn a net amount of 5,407 BTC into self-custody during the latest negative spike in the Binance Exchange Netflow.<\/p>\n
BTC Price<\/h2>\n
Bitcoin has reversed its recent recovery over the past 24 hours, with its price sliding below the $98,000 threshold.<\/p>\n
\"Bitcoin<\/p>\n
It appears the price of the coin has already lost its gains from yesterday | Source: BTCUSDT on TradingView<\/a><\/pre>\n
Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com<\/p>\n<\/p><\/div>\n

\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
On-chain information indicates that the Bitcoin netflow on Binance has recently turned negative. Here\u2019s what this could signify for the asset\u2019s valuation. 14-Day SMA Bitcoin Binance Netflow Has Recently Declined In a CryptoQuant Quicktake article, an analyst examined the trend in the 14-day simple moving average (SMA) of the Bitcoin Exchange Netflow for the Binance<\/p>\n","protected":false},"author":3,"featured_media":7103,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[772],"class_list":["post-7102","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-bitcoin-binance-netflow-turns-negative-what-it-means-gpt"],"yoast_head":"\nBitcoin Binance Netflow Turns Bearish: Understanding the Implications - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/01\/08\/bitcoin-binance-netflow-turns-bearish-understanding-the-implications\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Binance Netflow Turns Bearish: Understanding the Implications - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"On-chain information indicates that the Bitcoin netflow on Binance has recently turned negative. 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