Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Bitcoin (BTC)
  • Crypto Trading
  • Cryptocurrency
  • News

The Rapid Increase in Bitcoin Sales Hints Bear Market Ahead

Lucas Williams July 21, 2021 3 min read

The past couple of days have witnessed exchange flow risen dramatically. The data revealed by the bitcoin chain unfolded that traders are blindly selling bitcoins on various exchanges across the globe, many do believe that it is an indicator that bitcoin is about to enter the bear market. A post by CryptoQuant said that small-scale investors are rushing on exchanges to sell their bitcoin assets. This could be an ideal opportunity for big investors to seize the opportunity and exploit the market for the maximization of profits in the future.

The report focused on three basic terms:


trade now

First, the miner’s flow total has increased, which shows that a fairly high volume of the token is sent from miners to exchanges. Followed by the transaction count flow, which indicates the transactions from mining to exchanges. A last mean amount of BTC transferred from miner to exchanges.

The data analysis revealed that the past two weeks have seen the highest volume of sales since November 2020. Bitcoin dropped to $3,000 in the month of May, the lowest point ever touched by Bitcoin. However, bitcoin recovered steadily. Still, there are some speculations that token is about to enter a bear market where its prices will be further drenched.  Over the past month, the average bitcoin transferred tokens valued at around 60BTC. The past Saturday the number peaked at 100coins.

At the moment the mining environment is suffocating due to China’s crackdown. There has been an argument that the high number of bitcoin sales cannot be sited as the bear market is ahead. This could be possible that miners who are relocating their mining setups need finance. Hence, they are selling an even greater number of coins to support their expenditures.  Moreover, crypto industry experts do believe that prices would be stable once the miners settle on new locations.

Recently, voices have been raised that Russian authorities are preparing a detailed plan to accommodate miners from all across the globe. Since the quantity of bitcoins sold is massive, this selling spree can have a diverse impact on the whole crypto market. The possibility of bitcoin prices slumps further will also decrease the market price of other crypto tokens.

Thus, the volume of sales rising can be considered as a bearish activity. But this doesn’t mean that the bitcoin price will surely go down.

There have been a couple of incidents where bitcoin retained stability in its price, even though sales volume was very high. Bitcoin’s ability to retain its price sets bitcoin apart from other cryptocurrencies. Currently, the BTC market price is around $30.7k, an 8% slum compared to a week ago. The Crypto market is surely the most volatile financial market.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: China’s Digital Yuan Used in $5B Transactions
Next: These Digital Assets Could Explode in July Week 4

Related Stories

Crypto Safety And Transparency At The Forefront Of Australian Senator’s Proposed Bill
3 min read
  • Blockchain
  • CBDC (Central Bank Digital Currency)
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation
  • Stablecoin

Crypto Safety And Transparency At The Forefront Of Australian Senator’s Proposed Bill

March 30, 2023
DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project
3 min read
  • Blockchain
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • News

DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project

March 30, 2023
Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • On-chain Data & Analysis
  • Price Analysis

Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation

March 30, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$28,296.00
-0.51%
ethereum
Ethereum (ETH)
$1,791.07
-0.96%
tether
Tether (USDT)
$1.00
-0.13%
binancecoin
BNB (BNB)
$315.77
-0.26%
usd-coin
USD Coin (USDC)
$1.00
0.02%
ripple
XRP (XRP)
$0.53
-1.76%
cardano
Cardano (ADA)
$0.376455
-2.05%
dogecoin
Dogecoin (DOGE)
$0.074956
-1.32%
binance-usd
Binance USD (BUSD)
$1.00
-0.18%
polkadot
Polkadot (DOT)
$6.12
-1.34%

Recent Posts

  • Crypto Safety And Transparency At The Forefront Of Australian Senator’s Proposed Bill
  • DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project
  • Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation
  • Cardano’s Rising TVL Value Fails to Pump ADA Price
  • Congressional Hearing On Cryptocurrency Policy Puts SEC Chief Gary Gensler On the Hot Seat
  • DWF Labs Invests $40 Million In Fetch.ai To Deploy Decentralized Machine Learning
  • Hydra Ventures DAO Fund Raises $10M In New Funding Round
  • FTX’s $45M Bankruptcy Asset Sale Delays Embed Divestment Process
  • MetaMask Warns Users Of Fake Airdrop Rumors
  • Microsoft is Testing a Built-in Crypto Wallet for its Edge Web Browser
  • YouTube Influencers to Face Class Action Lawsuit for Promoting FTX
  • Singaporean Women Outperforms Men In Crypto Gains – Survey
  • Modification Of Crypto Banking Rules Possible If Market Reacts Strongly – Basel Committee Chair
  • Irene Zhao’s Crypto Social App Announces Fresh Fund Raise Of $4.5 Million 
  • What is a Network Effect and How Does It Work?

Categories

You may have missed

Crypto Safety And Transparency At The Forefront Of Australian Senator’s Proposed Bill
3 min read
  • Blockchain
  • CBDC (Central Bank Digital Currency)
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation
  • Stablecoin

Crypto Safety And Transparency At The Forefront Of Australian Senator’s Proposed Bill

March 30, 2023
DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project
3 min read
  • Blockchain
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • News

DeFiLlama is Facing an Internal Disagreement on the Matter of Forking the Blockchain Project

March 30, 2023
Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • On-chain Data & Analysis
  • Price Analysis

Goldman Sachs Names Bitcoin the Best Performing Asset as Per Year-to-Date Evaluation

March 30, 2023
Cardano’s Rising TVL Value Fails to Pump ADA Price
3 min read
  • Altcoins
  • Blockchain
  • Cardano (ADA)
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • News
  • On-chain Data & Analysis
  • Price Analysis

Cardano’s Rising TVL Value Fails to Pump ADA Price

March 29, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%