{"id":466869,"date":"2021-07-05T15:28:43","date_gmt":"2021-07-05T15:28:43","guid":{"rendered":"https:\/\/wncen.com\/?p=466869"},"modified":"2024-06-11T13:56:50","modified_gmt":"2024-06-11T13:56:50","slug":"bitcoin-indicator-low-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-indicator-low-price\/","title":{"rendered":"A Bitcoin Indicator Just Hit A 9-Month Low, What Does It Mean For The Price?"},"content":{"rendered":"<p>The Bitcoin exchange fund flow ratio has just hit a nine-month low. Here is what it might mean for the price of the cryptocurrency.<\/p>\n<h2>The Exchange Fund Flow Ratio<\/h2>\n<p>The signal of interest here is the all Bitcoin <a href=\"https:\/\/wncen.com\/news\/company\/why-centralized-exchanges-cexs-are-losing-popularity-to-decentralized-exchanges-dexs\/\">exchanges<\/a> fund flow ratio. It&#8217;s defined as the total amount of BTC flowing in\/out of exchanges divided by the total amount of BTC transferred on the network.<\/p>\n<blockquote><p>All exchanges fund flow ratio = <span class=\"katex-display\"><span class=\"katex\"><span class=\"katex-html\"><span class=\"base\"><span class=\"mord\"><span class=\"mfrac\"><span class=\"vlist-t vlist-t2\"><span class=\"vlist-r\"><span class=\"vlist\"><span class=\"mord text\">Total Exchange Inflows + Outflows <span class=\"ILfuVd NA6bn\"><span class=\"hgKElc\">\u00f7<\/span><\/span> Total Transferred BTC on whole network<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p><\/blockquote>\n<p>In simple terms, the fund flow ratio shows how many Bitcoins are occupied by exchanges compared to those sent on the whole BTC network.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/news\/bitcoin\/marathon-digital-bitcoin-mining\/\">Marathon Digital Holdings Reported A 17% Spike In Bitcoin Mining<\/a><\/strong><\/em><\/p>\n<p>When the fund flow ratio number increases, it means the market volatility is up as more transfers are taking place on exchanges.<\/p>\n<p>On the other hand, when this number decreases, it implies people are opting for OTC (or &#8220;Over The Counter&#8221;) deals instead of using exchanges for transactions.<\/p>\n<p>Traditional OTC deals include P2P transfers and trading desks. There is also a newer method, called decentralized dark pools. In which, traders don&#8217;t have to trust each other (or a trading desk organization) as trades are automatic and anonymous thanks to <a href=\"https:\/\/wncen.com\/news\/company\/scientists-in-uk-solve-privacy-on-ethereum-using-only-smart-contracts\/\">smart contracts<\/a>.<\/p>\n<p>Here is the latest exchange fund flow ratio chart for Bitcoin:<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-466880 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/Chart-2.png?resize=460%2C174\" alt=\"Bitcoin fund flow ratio\" width=\"460\" height=\"174\"><\/p>\n<pre style=\"text-align: center\">BTC fund flow ratio seems to have hit a low | Source: <a href=\"https:\/\/dataguide.cryptoquant.com\/flow-indicators\/fund-flow-ratio\" rel=\"nofollow\">CrypoQuant<\/a><\/pre>\n<p>As the chart indicates, the ratio is now the lowest it has been since October last year.<\/p>\n<p>Over the period of the last 6 months, it looks like spikes in the value of the fund flow ratio mean a change in the price of Bitcoin. Which is expected, as an increase means a volatile market.<\/p>\n<p>Now that the value has hit a low, it seems the BTC market isn&#8217;t very volatile at the moment.<\/p>\n<h2>Bitcoin Price<\/h2>\n<p>Now, it&#8217;s hard to predict the price of the coin solely based on the chart above as there are many other factors to take into consideration.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <\/strong><\/em><a href=\"https:\/\/wncen.com\/news\/bitcoin\/bearish-bitcoin-signal-triggered\/\"><em><strong>A Never Wrong Bearish Bitcoin Signal Just Triggered<\/strong><\/em><\/a><\/p>\n<p>One thing it indicates for certain is the fact that there isn&#8217;t much inflow or outflow from exchanges, which means not many investors are looking to buy\/sell their Bitcoins in exchanges.<\/p>\n<p>The <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-correcting-gains-34k\/\">BTC price<\/a> at the moment is around 33k, down almost 4% in the past week. Here is how its value has fluctuated in the last 6 months:<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-466881 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/Chart-3.png?resize=460%2C242\" alt=\"Bitcoin price\" width=\"460\" height=\"242\"><\/p>\n<pre style=\"text-align: center\">Bitcoin goes down after a short rise | Source: BTCUSD on <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BTCUSD\" rel=\"nofollow\">TradingView<\/a><\/pre>\n<p>Lower market volatility means the price shouldn&#8217;t change much. Over the past couple of weeks, it looks the price has stagnated between $30k and $35k.<\/p>\n<p>It&#8217;s hard to tell when Bitcoin will be able to escape from this stagnation phase, but if the fund flow ratio is anything to go by, it might not happen for a while.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin exchange fund flow ratio has just hit a nine-month low. Here is what it might mean for the price of the cryptocurrency. The Exchange Fund Flow Ratio The signal of interest here is the all Bitcoin exchanges fund flow ratio. It&#8217;s defined as the total amount of BTC flowing in\/out of exchanges divided by the total amount of BTC transferred on the network. All exchanges fund flow ratio = Total Exchange Inflows + Outflows \u00f7 Total Transferred BTC on whole network In simple terms, the fund flow ratio shows how many Bitcoins are occupied by exchanges compared to those sent on the whole BTC network. Related Reading | Marathon Digital Holdings Reported A 17% Spike In Bitcoin Mining When the fund flow ratio number increases, it means the market volatility is up as more transfers are taking place on exchanges. On the other hand, when this number decreases, it implies people are opting for OTC (or &#8220;Over The Counter&#8221;) deals instead of using exchanges for transactions. Traditional OTC deals include P2P transfers and trading desks. There is also a newer method, called decentralized dark pools. In which, traders don&#8217;t have to trust each other (or a trading desk organization) as trades are automatic and anonymous thanks to smart contracts. Here is the latest exchange fund flow ratio chart for Bitcoin: BTC fund flow ratio seems to have hit a low | Source: CrypoQuant As the chart indicates, the ratio is now the lowest it has been since October last year. Over the period of the last 6 months, it looks like spikes in the value of the fund flow ratio mean a change in the price of Bitcoin. Which is expected, as an increase means a volatile market. Now that the value has hit a low, it seems the BTC market isn&#8217;t very volatile at the moment. Bitcoin Price Now, it&#8217;s hard to predict the price of the coin solely based on the chart above as there are many other factors to take into consideration. Related Reading | A Never Wrong Bearish Bitcoin Signal Just Triggered One thing it indicates for certain is the fact that there isn&#8217;t much inflow or outflow from exchanges, which means not many investors are looking to buy\/sell their Bitcoins in exchanges. The BTC price at the moment is around 33k, down almost 4% in the past week. Here is how its value has fluctuated in the last 6 months: Bitcoin goes down after a short rise | Source: BTCUSD on TradingView Lower market volatility means the price shouldn&#8217;t change much. Over the past couple of weeks, it looks the price has stagnated between $30k and $35k. It&#8217;s hard to tell when Bitcoin will be able to escape from this stagnation phase, but if the fund flow ratio is anything to go by, it might not happen for a while.<\/p>\n","protected":false},"author":542,"featured_media":466885,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1119,1122,1144],"class_list":["post-466869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btc-price","tag-btcusd"],"acf":[],"yoast_head":"\n<title>A Bitcoin Indicator Just Hit A 9-Month Low, What Does It Mean For The Price?<\/title>\n<meta name=\"description\" content=\"The Bitcoin exchange fund flow ratio has just hit a nine-month low. Here is what it might mean for the price of the cryptocurrency. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. 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Here is what it might mean for the price of the cryptocurrency. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"A Bitcoin Indicator Just Hit A 9-Month Low, What Does It Mean For The Price?","url":"http:\/\/wncen.com\/news\/bitcoin-indicator-low-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-indicator-low-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/michael-fortsch-ywmZG5IIwGc-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/michael-fortsch-ywmZG5IIwGc-unsplash-scaled.jpg?fit=2560%2C1497"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btc","btc price","btcusd"],"dateCreated":"2021-07-05T15:28:43Z","datePublished":"2021-07-05T15:28:43Z","dateModified":"2024-06-11T13:56:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"A Bitcoin Indicator Just Hit A 9-Month Low, What Does It Mean For The Price?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-indicator-low-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-indicator-low-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/michael-fortsch-ywmZG5IIwGc-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/michael-fortsch-ywmZG5IIwGc-unsplash-scaled.jpg?fit=2560%2C1497\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btc\",\"btc price\",\"btcusd\"],\"dateCreated\":\"2021-07-05T15:28:43Z\",\"datePublished\":\"2021-07-05T15:28:43Z\",\"dateModified\":\"2024-06-11T13:56:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/07\/michael-fortsch-ywmZG5IIwGc-unsplash-scaled.jpg?fit=2560%2C1497","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/466869"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=466869"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/466869\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/466885"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=466869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=466869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=466869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}