A closer look at weekend effects on bitcoin trading volumes and exchange flows

Sep 10, 2021 | The Block News | 0 comments

a-closer-look-at-weekend-effects-on-bitcoin-trading-volumes-and-exchange-flows

Quick Take

  • Bitcoin trading volumes on exchanges decreased on weekends less than what might be expected
  • Despite lower trading volumes, the net amount of bitcoin flowing into exchanges held steady or slightly increased on weekends
  • This pattern held across bitcoin supercycles and bear vs. bull market conditions

This research piece is available to
members of The Block Genesis.
You can continue reading
this Genesis research on The Block.

News Source from TheBlockCrypto.com

Related Articles

Institutional investors bought the dip as China FUD broke

Institutional investors bought the dip as China FUD broke

While institutional Bitcoin products have experienced outflows for 13 of the past 17 weeks, the sector has now seen three straight weeks of inflows. Institutional investors were buying the dip on the back of China’s latest FUD, with digital asset investment products...

SEC levies charges against alleged ‘meme stock’ wash traders

SEC levies charges against alleged ‘meme stock’ wash traders

The Securities and Exchange Commission (SEC) has charged two men with allegedly wash trading meme stocks to take advantage of rebate programs. At the start of 2021, certain unlikely stocks went gangbusters when online communities identified that Wall Street...

Snoop Dogg Buys XCOPY Ethereum NFT for $3.9 Million

Snoop Dogg Buys XCOPY Ethereum NFT for $3.9 Million

Since revealing himself as a notable pseudonymous NFT collector last week, rapper and entertainer Snoop Dogg hasn’t slowed down on high-value collecting. Just tonight, in fact, he spent nearly $4 million in ETH to acquire a single piece from the artist XCOPY. Using...

Pin It on Pinterest

Share This