{"id":6641,"date":"2025-01-08T13:31:47","date_gmt":"2025-01-08T13:31:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6641"},"modified":"2025-01-08T13:31:47","modified_gmt":"2025-01-08T13:31:47","slug":"bitcoin-binance-netflow-turns-negative-what-it-means","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6641","title":{"rendered":"Bitcoin Binance Netflow Turns Negative: What It Means"},"content":{"rendered":"
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On-chain data shows the Bitcoin netflow on Binance has turned negative recently. Here\u2019s what this could mean for the asset\u2019s price.<\/p>\n

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

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

The \u201cExchange Netflow<\/a>\u201d here refers to an indicator that keeps track of the net amount of the cryptocurrency that\u2019s entering into or exiting out of the wallets associated with a given centralized exchange.<\/p>\n

When the value of this metric is positive, it means the investors are depositing a net number of coins to these platforms. As one of the main reasons why holders would transfer to exchanges is for selling-related purposes, this kind of trend can lead to a bearish outcome for the asset.<\/p>\n

On the other hand, the indicator being negative implies there are more outflows taking place on the exchange than inflows. Such a trend can be a sign that the investors are accumulating<\/a>, which can be bullish for the coin\u2019s price.<\/p>\n

Now, here is a chart that shows the trend in the Bitcoin Exchange Netflow for Binance, as well as its 14-day SMA, over the last few months:<\/p>\n

\"Bitcoin<\/p>\n

As displayed in the above graph, the Bitcoin Exchange Netflow for Binance has seen a sharp negative spike during the past day, which implies the investors have withdrawn a large number of tokens from the platform.<\/p>\n

During the second half of last month, the indicator mostly stayed inside the positive territory, which resulted in the 14-day SMA attaining a value greater than zero.<\/p>\n

In the chart, the quant has highlighted the instances of the 14-day SMA showing this trend in the last few months. It would appear that the pattern has generally led to short-term declines for the asset in this period. The latest inflows into the platform, too, were accompanied by a drawdown in the Bitcoin price.<\/p>\n

After the latest sharp negative spike has appeared in the daily version of the Binance Exchange Netflow, though, its 14-day SMA value has also dipped back into the red zone.<\/p>\n

While a surge into the positive territory precedes a short-term decline for the asset, a plunge into the negative region usually leads to bullish price action. Thus, Bitcoin may currently be well-set in terms of this indicator.<\/p>\n

In total, the users of the exchange have taken a net amount of 5,407 BTC off into self-custody during the latest negative spike in the Binance Exchange Netflow.<\/p>\n

BTC Price<\/h2>\n

Bitcoin has retraced its latest recovery during the last 24 hours as its price has slipped under the $98,000 level.<\/p>\n

\"Bitcoin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On-chain data shows the Bitcoin netflow on Binance has turned negative recently. Here\u2019s what this could mean for the asset\u2019s price. 14-Day SMA Bitcoin Binance Netflow Has Plunged Recently In a CryptoQuant Quicktake post, an analyst has discussed about the trend in the 14-day simple moving average (SMA) of the Bitcoin Exchange Netflow for the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6641","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6641"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6641\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}