• Home
  • Courses

    About Courses

    Edit widget and choose a menu
    Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

    Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

    ₦60,000.00 ₦25,000.00
    Read More
  • Become An Instructor
  • Blog
  • Shop
      • Login
    Digital Skill Institute
    • Home
    • Courses

      About Courses

      Edit widget and choose a menu
      Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

      Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

      ₦60,000.00 ₦25,000.00
      Read More
    • Become An Instructor
    • Blog
    • Shop
        • Login

      Uncategorized

      • Home
      • Blog
      • Uncategorized
      • Bitcoin Supply on Exchanges Drops to Three-Year Low Despite Bearish Price Action

      Bitcoin Supply on Exchanges Drops to Three-Year Low Despite Bearish Price Action

      • Posted by DigitalLeonard
      • Categories Uncategorized
      • Date March 14, 2022
      • Comments 0 comment


      Recent reports show that the supply of Bitcoin (BTC) on cryptocurrency exchanges has depleted significantly over the last few days. CryptoQuant reported that the total supply of coins on exchanges today has dropped to 2.32 million BTC, the lowest amount in over three years.

      The total number of BTC on trading platforms in March 2019 was 2.73 million coins. Also, the day after the infamous “Black Thursday” on March 10, 2020, crypto exchanges held a little over three million BTC, according to data from CryptoQuant.

      Over the last few weeks, crypto prices have plummeted, surprisingly, alongside the exchange balance. Data shows that as of today, Coinbase holds the highest number of BTC with 853,530 BTC, according to Bituniverse.

      After Coinbase is Binance with the second-highest Bitcoin balance holding 340,000 BTC, according to the Bituniverse metric. The platform also revealed that Binance holds 3.59 million ETH and 1.24 million Tether.

      Behind Coinbase’s $44.5 billion asset holding and the stockpiles of Binance comes Huobi with a $16.12 billion crypto reserve. The metric reported that Huobi held 160,000 BTC and 2.13 million Ethereum.

      A low crypto balance on trading platforms is seen as a bullish sign, as it indicates that investors and traders are unwilling to part with their stash.

      Key Bitcoin Levels to Watch — March 13

      BTC remained restricted around $39,000 through the weekend as the benchmark cryptocurrency whipsawed between $38,500 and $39,400. This trading activity comes following an attempt at the $40,000 psychological mark on Friday, which was swiftly met by sellers who kept the price on a backfoot behind the $39,000 line.

      BTCUSD 2022 03 13 20 42 14.png
      BTCUSD – 4-Hour Chart on Gemini. Source: TradingView

      That said, the crucial near-term level to beat is the $40,000 resistance where my 4-hour 100 EMA resides. Until we record a jump above that line, the appropriate sentiment to view BTC with is bearish.

      Meanwhile, my resistance levels are at $40,000, $41,000, and $42,000, and my key support levels are at $38,500, $37,500, and $36,000.

      Total Market Capitalization: $1.74 trillion

      Bitcoin Market Capitalization: $740.6 billion

      Bitcoin Dominance: 42.5%

      Market Rank: #1

       

      You can purchase Lucky Block here. Buy LBlock

      Share with other traders!





      Source link

      • Share:
      author avatar
      DigitalLeonard

      Previous post

      Bears are Dominating Over Bulls
      March 14, 2022

      Next post

      Lblock Drops to Allow Buying Opportunities
      March 15, 2022

      You may also like

      4-hours-10.jpg
      Bears are Dominating Over Bulls
      14 March, 2022
      america-3125467_640-1.jpg
      USD/CHF Appears Stable Near 0.9400 Despite Instability About Federal Reserve System Rate Policy
      14 March, 2022

      Leave A Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      Search

      Categories

      • ADA
      • Analysis
      • Argentina
      • AUD
      • AUD/JPY
      • aud/usd
      • AUDJPY
      • AUDUSD
      • Binance Coin
      • Bitcoin
      • Bitcoin Cash
      • BITCOIN ETF
      • Bitcoin Futures
      • Bitcoin Mining
      • Bitcoin SV
      • Blockchain
      • BSVUSD
      • BTC
      • BTC/USD
      • CARDANO
      • Central Bank of Russia
      • Crypto
      • Crypto ATM
      • Crypto News
      • Crypto Regulations
      • crypto signals
      • Cryptocurrency
      • Cryptocuurency
      • Daily Chart
      • Daily Charts
      • Decentralization
      • Decentralized Finance
      • DEFC
      • DeFi
      • DeFi Coin
      • DNS/ENS
      • Do Kwon
      • DOGE
      • DOGE/USD
      • Dogecoin
      • Dollar
      • DOT
      • DOT/USD
      • ELON MUSK
      • ETH
      • ETH/USD
      • Ethereum
      • Ethereum Name Service
      • EUR/CHF
      • EUR/GBP
      • EUR/JPY
      • EUR/USD
      • EURCHF
      • eurjpy
      • EURUSD
      • Federal Reserve
      • Forecast
      • Forex
      • Forex Technical Analysis
      • FTSE 100
      • GBP/JPY
      • GBP/USD
      • GBPJPY
      • gbpusd
      • Global market
      • Gold
      • Governments
      • Harvard
      • Inflation
      • Iran
      • JPY
      • LBlock
      • Lucky Block
      • Market Anticipation
      • Market Expectation
      • Marketing
      • MasterCard
      • Mining
      • Monero
      • News
      • NFT
      • NFTs
      • NZD/USD
      • NZDUSD
      • Polkadot
      • Press Releases
      • Price Action
      • Price Analysis
      • Purchase
      • Regulation
      • Review
      • Russia
      • S&P 500
      • safetrading
      • silver
      • Stupidity
      • stupidity in populace
      • stupidity in trading
      • Survey
      • Switchere.com
      • Technical Analysis
      • Technicalanalysis
      • Terra
      • TFUEL
      • Theta Fuel
      • Trade Ideas
      • Trading Briefs
      • Twitter
      • UKX
      • Uncategorized
      • UNISWAP
      • university blockchain courses
      • US
      • US Oil
      • USD
      • USD/JPY
      • USD/TRY
      • USDCAD
      • USDCHF
      • USDJPY
      • USOIL
      • WSB
      • wti
      • XAUUSD
      • XLMUSD
      • XMR
      • Yen
      Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

      Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

      ₦60,000.00 ₦25,000.00
      Step By Step Website Design Tutorial For Beginners

      Step By Step Website Design Tutorial For Beginners

      ₦10,000.00
      How To Become A Full-Time YouTuber Step By Step Guide To Profit From Making YouTube Videos

      How To Become A Full-Time YouTuber Step By Step Guide To Profit From Making YouTube Videos

      ₦24,900.00
      Digital Marketing Institute Logo
      +2348165842119
      support@digitalleonard.com
      Facebook-f Twitter Google-plus-g Pinterest

      Company

      • About Us
      • Blog
      • Become An Instructor
      • Contact

      Links

      • Courses
      • Events
      • Gallery
      • FAQs

      Support

      • Join Our YouTube Channel
      • Telegram Forum
      • Facebook

      Recommend

      • BINANCE
      • BYBIT
      • HUOBI
      • KUCOIN
      • OKEX
      • BITGET

      Digital Skill Institute By DigitalLeonard.Com Powered by Digital Leonard.

      • Privacy
      • Terms
      • Sitemap
      • Contact

      Login with your site account

      Lost your password?