Retail buyers’ habits fluctuate between exchanges relating to Bitcoin

by Jeremy

Definition

Breakdown of the online stream of cash into/out of exchanges by the USD worth of the transactions.

Fast Take

  • Retail transactions are outlined as lower than $10,000 (darkish inexperienced) and fewer than $100,000 (gentle inexperienced).
  • A really noticeable distinction between Gemini, Kraken, and Coinbase transactions.
  • All through 2023 Gemini and Kraken retail customers’ dominant conduct is seen with withdrawals.
  • Nonetheless, information means that retail buyers choose to deposit Bitcoin on Coinbase.
  • This may occasionally counsel customers really feel extra snug leaving Bitcoin on Coinbase in relation to Kraken and Gemini.
Exchange Netflow Coinbase : (Source: Glassnode)
Change Netflow Coinbase : (Supply: Glassnode)
Exchange Netflow Coinbase : (Source: Glassnode)
Change Netflow Coinbase : (Supply: Glassnode)
Exchange Netflow Coinbase : (Source: Glassnode)
Change Netflow Coinbase : (Supply: Glassnode)

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