Here is the exact reason Bitcoin has just surged:
COINBASE bought 6,139 BTC
BINANCE bought 4,061 BTC
An insider bought 4,036 BTC
KRAKEN bought 3,329 BTC
OKX bought 1,621 BTC
PHEMEX bought 1,300 BTC
WINTERMUTE bought 1,230 BTC
Arkham’s view of exchange-wallet inflows does not mean the exchange is using its own funds to buy BTC in the market. A large portion of it is simply users depositing BTC into the platform—users’ BTC has just been moved to a different storage address, not an increase in actual buying demand.
COINBASE bought 6,139 BTC
BINANCE bought 4,061 BTC
An insider bought 4,036 BTC
KRAKEN bought 3,329 BTC
OKX bought 1,621 BTC
PHEMEX bought 1,300 BTC
WINTERMUTE bought 1,230 BTC
Arkham’s view of exchange-wallet inflows does not mean the exchange is using its own funds to buy BTC in the market. A large portion of it is simply users depositing BTC into the platform—users’ BTC has just been moved to a different storage address, not an increase in actual buying demand.
