Report post

What is a bitcoin exchange net position change metric?

Blockchain analytics firm Glassnode's bitcoin exchange net position change metric, which measures the number of coins held by exchange wallets on a specific date compared to the same date four weeks ago, rose to 31,382.43 BTC ($1.16 billion) on Sunday, the highest since May 11, 2023.

Why is the BTC Exchange net position change positive?

The BTC exchange net position change has been consistently positive since Nov. 1. Historically, such periods have coincided with bull market breathers or price pullbacks. That said, the latest inflow could also signify renewed investor confidence in centralized exchanges.

Why should you use glassnode?

Exchanges are one of the biggest vectors of counterparty risk in crypto markets. Glassnode provides you with both a blueprint and the tools to recognise, quantify, and effectively mitigate that risk. Benefit from precise wallet labeling and exchange tracking with Glassnode's proprietary clustering algorithms

The World's Leading Crypto Trading Platform

Get my welcome gifts