Bitcoin
Bitcoin (BTC)
$100,846.00 3.55598
Bitcoin price
Ethereum
Ethereum (ETH)
$3,913.84 6.82943
Ethereum price
BNB
BNB (BNB)
$717.77 5.59748
BNB price
Solana
Solana (SOL)
$230.16 5.5575
Solana price
XRP
XRP (XRP)
$2.46 5.64523
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000294 10.19951
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000251 11.97845
Pepe price
Bonk
Bonk (BONK)
$0.0000399 11.7941
Bonk price
dogwifhat
dogwifhat (WIF)
$3.12 8.79381
dogwifhat price
Popcat
Popcat (POPCAT)
$1.26 4.82772
Popcat price
Bitcoin
Bitcoin (BTC)
$100,846.00 3.55598
Bitcoin price
Ethereum
Ethereum (ETH)
$3,913.84 6.82943
Ethereum price
BNB
BNB (BNB)
$717.77 5.59748
BNB price
Solana
Solana (SOL)
$230.16 5.5575
Solana price
XRP
XRP (XRP)
$2.46 5.64523
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000294 10.19951
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000251 11.97845
Pepe price
Bonk
Bonk (BONK)
$0.0000399 11.7941
Bonk price
dogwifhat
dogwifhat (WIF)
$3.12 8.79381
dogwifhat price
Popcat
Popcat (POPCAT)
$1.26 4.82772
Popcat price
Bitcoin
Bitcoin (BTC)
$100,846.00 3.55598
Bitcoin price
Ethereum
Ethereum (ETH)
$3,913.84 6.82943
Ethereum price
BNB
BNB (BNB)
$717.77 5.59748
BNB price
Solana
Solana (SOL)
$230.16 5.5575
Solana price
XRP
XRP (XRP)
$2.46 5.64523
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000294 10.19951
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000251 11.97845
Pepe price
Bonk
Bonk (BONK)
$0.0000399 11.7941
Bonk price
dogwifhat
dogwifhat (WIF)
$3.12 8.79381
dogwifhat price
Popcat
Popcat (POPCAT)
$1.26 4.82772
Popcat price
Bitcoin
Bitcoin (BTC)
$100,846.00 3.55598
Bitcoin price
Ethereum
Ethereum (ETH)
$3,913.84 6.82943
Ethereum price
BNB
BNB (BNB)
$717.77 5.59748
BNB price
Solana
Solana (SOL)
$230.16 5.5575
Solana price
XRP
XRP (XRP)
$2.46 5.64523
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000294 10.19951
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000251 11.97845
Pepe price
Bonk
Bonk (BONK)
$0.0000399 11.7941
Bonk price
dogwifhat
dogwifhat (WIF)
$3.12 8.79381
dogwifhat price
Popcat
Popcat (POPCAT)
$1.26 4.82772
Popcat price

$581m in Bitcoin left CEXs in 7 days, whales restart accumulation

581m-in-bitcoin-left-cexs-in-7-days-whales-restart-accumulation
Edited by
News
$581m in Bitcoin left CEXs in 7 days, whales restart accumulation

The Bitcoin outflows from centralized exchanges and the rising whale accumulation helped it surpass the $67,000 mark again.

According to data provided by IntoTheBlock, the Bitcoin (BTC) exchange net flows witnessed two days of inflows on Oct. 20 and 21, bringing the price down from the local high of $69,400. 

$581m in Bitcoin left CEXs in 7 days, whales restart accumulation - 1
BTC CEX net flows – Oct. 24 | Source: IntoTheBlock

On Oct. 22 and 23, this movement shifted back to outflows. Per ITB data, BTC recorded a net outflow of $581 million over the past week. The increased outflows show the accumulation phase.

Whales join the accumulation

Whales also started selling Bitcoin on Oct. 21 as 94% of the holders were in profit. Data shows that the selloff among large holders is also fading away. 

Bitcoin whale addresses recorded a net inflow of 165.5 BTC, worth $11.15 million, yesterday. 

Notably, the total amount of Bitcoin whale transactions, consisting of at least $100,000 worth of BTC, surpassed the $100 billion mark over the past week. 

High whale activity and accumulation could trigger a market-wide FOMO.

Bitcoin is up 0.3% in the past 24 hours and is trading at $67,350 at the time of writing. The asset’s market cap is sitting at $1.33 trillion with an 18% rise in its daily trading volume, reaching $35 billion.

$581m in Bitcoin left CEXs in 7 days, whales restart accumulation - 2
BTC price – Oct. 24 | Source: crypto.news

Another bullish catalyst on Wednesday was the increased spot BTC exchange-traded funds’ inflows in the U.S. According to a crypto.news report, these investment products saw a net inflow of $192.4 million on Oct. 23, led by BlackRock’s iShares Bitcoin Trust ETF.