Binance’s Bitcoin Reserves Drop as Retail Flow Moves to Coinbase: CryptoQuant
The move appears to be in anticipation of the approval of spot bitcoin ETFs.
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The move appears to be in anticipation of the approval of spot bitcoin ETFs.
It appears bitcoin holders are not planning on offloading inventory at these price levels or any time soon, one observer said.
After a blockchain sleuth reported that the Bitcoin mining pool may have censored a transaction from an address blacklisted by U.S. authorities, critics responded, and so did the project’s co-founder.
The world’s largest crypto exchange agreed to settle U.S. criminal charges and its founder and CEO pled guilty and agreed to step down from the company.
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 22, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Order book liquidity refers to the capacity to trade quickly at quoted prices.
We have seen interest in loading up more topside with strong demand for the March 2024 expiry calls, one OTC desk said.
The overnight price volatility in bitcoin and other cryptocurrencies washed out a notable chunk of leverage from the market, with bitcoin alone seeing more than $65 million worth of liquidations in futures markets.
Some observers believe Binance’s downfall has boosted the spot-ETF approval odds.
Crypto exchange Binance could reportedly soon be paying $4 billion to settle multiple U.S. criminal charges.