{"id":517790,"date":"2023-01-27T13:16:56","date_gmt":"2023-01-27T18:16:56","guid":{"rendered":"https:\/\/uniquehot.com\/?p=517790"},"modified":"2024-06-11T15:07:35","modified_gmt":"2024-06-11T15:07:35","slug":"bitcoin-outflow-highest-ftx-crash-bullish","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/","title":{"rendered":"Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?"},"content":{"rendered":"

On-chain data shows Bitcoin exchanges have registered the most significant outflows since the collapse of the crypto exchange FTX back in November.<\/p>\n

Related Reading: Bitcoin Investors Turn Greedy For First Time Since March 2022<\/a><\/p>\n

Bitcoin Exchange Netflow Shows Deep Negative Values<\/h2>\n

As an analyst in a CryptoQuant post pointed out, around 7,000 coins have left the exchange in this latest spike. The relevant indicator here is the “all exchanges netflow<\/a>,” which measures the net amount of Bitcoin exiting or entering into the wallets of all centralized exchanges. The metric’s value is calculated by taking the difference between the inflows (the coins going in) and the outflows (the coins moving out).<\/p>\n

When the indicator has a positive value, the inflows overwhelm the outflows, and a net number of coins are deposited to exchanges. As one of the main reasons investors deposit to exchanges is for selling purposes, this trend can have bearish implications for the price of the crypto.<\/p>\n

On the other hand, negative values imply that a net amount of supply is currently being pulled off these platforms. Generally, holders withdraw their coins from exchanges to hold onto them for extended periods in personal wallets. Thus, such metric values can signal that investors are accumulating at the moment, which may have a bullish impact on the price.<\/p>\n

Now, here is a chart that shows the trend in the Bitcoin all exchange’s netflow over the last few months:<\/p>\n

\"Bitcoin<\/p>\n

Looks like the value of the metric has been quite negative recently | Source: CryptoQuant<\/a><\/pre>\n
As shown in the above graph, the Bitcoin exchange netflow recorded a deep negative spike during the past day. This outflow amounted to around 7,000 BTC, leaving the wallets of these platforms the largest value the metric has seen since the FTX crash<\/a> back in November of last year.<\/p>\n
From the chart, it’s apparent that the aftermath of FTX’s collapse saw some substantial outflow values. The reason behind that is that a known exchange like FTX going belly up instilled fear among investors and made them more aware of the risks of keeping their coins in centralized platforms.<\/p>\n
Naturally, these holders fled exchanges in masses (causing the netflow to plunge into red values) so that they could store their Bitcoin in offsite wallets, the keys they own.<\/p>\n
Interestingly, the latest negative netflow spike was recorded while Bitcoin has been observing a sharp rally. Usually, inflows are more commonly seen in periods like now, as investors rush to take some profits.<\/p>\n
Related Reading: CryptoQuant\u2019s Bitcoin PnL Index Forms Bullish Crossover<\/a><\/div>\n
Thus, instead of making these large outflows, investors are showing signs that they are bullish on Bitcoin in the long term and feel that the current rally has more to offer still.<\/p>\n
That would be only if these investors made the withdrawals with accumulation<\/a> in mind. In the scenario that they transferred out these coins for selling through over-the-counter (OTC) deals instead, Bitcoin could instead feel a bearish impulse.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin is trading around $23,100, up 8% in the last week.<\/p>\n
\"Bitcoin<\/p>\n
BTC moves sideways | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Thought Catalog on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/div>\n","protected":false},"excerpt":{"rendered":"
On-chain data shows Bitcoin exchanges have registered the most significant outflows since the collapse of the crypto exchange FTX back in November. Related Reading: Bitcoin Investors Turn Greedy For First Time Since March 2022 Bitcoin Exchange Netflow Shows Deep Negative Values As an analyst in a CryptoQuant post pointed out, around 7,000 coins have left the exchange in this latest spike. The relevant indicator here is the “all exchanges netflow,” which measures the net amount of Bitcoin exiting or entering into the wallets of all centralized exchanges. The metric’s value is calculated by taking the difference between the inflows (the coins going in) and the outflows (the coins moving out). When the indicator has a positive value, the inflows overwhelm the outflows, and a net number of coins are deposited to exchanges. As one of the main reasons investors deposit to exchanges is for selling purposes, this trend can have bearish implications for the price of the crypto. On the other hand, negative values imply that a net amount of supply is currently being pulled off these platforms. Generally, holders withdraw their coins from exchanges to hold onto them for extended periods in personal wallets. Thus, such metric values can signal that investors are accumulating at the moment, which may have a bullish impact on the price. Now, here is a chart that shows the trend in the Bitcoin all exchange’s netflow over the last few months: Looks like the value of the metric has been quite negative recently | Source: CryptoQuant As shown in the above graph, the Bitcoin exchange netflow recorded a deep negative spike during the past day. This outflow amounted to around 7,000 BTC, leaving the wallets of these platforms the largest value the metric has seen since the FTX crash back in November of last year. From the chart, it’s apparent that the aftermath of FTX’s collapse saw some substantial outflow values. The reason behind that is that a known exchange like FTX going belly up instilled fear among investors and made them more aware of the risks of keeping their coins in centralized platforms. Naturally, these holders fled exchanges in masses (causing the netflow to plunge into red values) so that they could store their Bitcoin in offsite wallets, the keys they own. Interestingly, the latest negative netflow spike was recorded while Bitcoin has been observing a sharp rally. Usually, inflows are more commonly seen in periods like now, as investors rush to take some profits. Related Reading: CryptoQuant\u2019s Bitcoin PnL Index Forms Bullish Crossover Thus, instead of making these large outflows, investors are showing signs that they are bullish on Bitcoin in the long term and feel that the current rally has more to offer still. That would be only if these investors made the withdrawals with accumulation in mind. In the scenario that they transferred out these coins for selling through over-the-counter (OTC) deals instead, Bitcoin could instead feel a bearish impulse. BTC Price At the time of writing, Bitcoin is trading around $23,100, up 8% in the last week. BTC moves sideways | Source: BTCUSD on TradingView Featured image from Thought Catalog on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":517794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-517790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nBitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?<\/title>\n<meta name=\"description\" content=\"On-chain data shows Bitcoin exchanges have registered the most significant outflows since the collapse of the crypto exchange FTX back in November.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?\" \/>\n<meta property=\"og:description\" content=\"On-chain data shows Bitcoin exchanges have registered the most significant outflows since the collapse of the crypto exchange FTX back in November.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-27T18:16:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T15:07:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?fit=2560%2C1918\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1918\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?\",\"datePublished\":\"2023-01-27T18:16:56+00:00\",\"dateModified\":\"2024-06-11T15:07:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/\"},\"wordCount\":517,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?fit=2560%2C1918\",\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/\",\"name\":\"Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?fit=2560%2C1918\",\"datePublished\":\"2023-01-27T18:16:56+00:00\",\"dateModified\":\"2024-06-11T15:07:35+00:00\",\"description\":\"On-chain data shows Bitcoin exchanges have registered the most significant outflows since the collapse of the crypto exchange FTX back in November.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?fit=2560%2C1918\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?fit=2560%2C1918\",\"width\":2560,\"height\":1918,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/uniquehot.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?","description":"On-chain data shows Bitcoin exchanges have registered the most significant outflows since the collapse of the crypto exchange FTX back in November.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?","og_description":"On-chain data shows Bitcoin exchanges have registered the most significant outflows since the collapse of the crypto exchange FTX back in November.","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-01-27T18:16:56+00:00","article_modified_time":"2024-06-11T15:07:35+00:00","og_image":[{"width":2560,"height":1918,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?fit=2560%2C1918","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?","datePublished":"2023-01-27T18:16:56+00:00","dateModified":"2024-06-11T15:07:35+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/"},"wordCount":517,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?fit=2560%2C1918","articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/","name":"Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?fit=2560%2C1918","datePublished":"2023-01-27T18:16:56+00:00","dateModified":"2024-06-11T15:07:35+00:00","description":"On-chain data shows Bitcoin exchanges have registered the most significant outflows since the collapse of the crypto exchange FTX back in November.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?fit=2560%2C1918","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?fit=2560%2C1918","width":2560,"height":1918,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/uniquehot.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?","url":"http:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-outflow-highest-ftx-crash-bullish\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?fit=2560%2C1918"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":[],"dateCreated":"2023-01-27T18:16:56Z","datePublished":"2023-01-27T18:16:56Z","dateModified":"2024-06-11T15:07:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-outflow-highest-ftx-crash-bullish\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-outflow-highest-ftx-crash-bullish\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?fit=2560%2C1918\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[],\"dateCreated\":\"2023-01-27T18:16:56Z\",\"datePublished\":\"2023-01-27T18:16:56Z\",\"dateModified\":\"2024-06-11T15:07:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/thought-catalog-I0TDRP0fj6Y-unsplash-3-scaled.jpg?fit=2560%2C1918","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/517790"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=517790"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/517790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/517794"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=517790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=517790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=517790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}