Bitcoin Records Massive Outflows from Cryptocurrency Exchanges Amid Panic

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

Cryptocurrency exchanges continue to record large outflows as reports show that $1.8 billion worth of Bitcoin (BTC), Ethereum, and Tether have recently left the market. Analysts have pointed at the extreme fear in the market as the catalyst for this outflow.

Ethereum posted the highest outflows, with $748 million worth of ETH leaving centralized exchanges. Glassnode recently reported that the net flow for Ether remains at -164 million.

Bitcoin’s net flow also fell into the negative range, with $700 million BTC worth funneling out of centralized trading platforms to personal custody. Analysts from this top NFT blog have cautioned that increased outflows during market correction could trigger supply shock along the line when the demand for crypto returns to 2021 levels.

That said, Tether was the only cryptocurrency that recorded a positive net flow with $353 million worth of USDT pouring into the market. This indicates one of two things; either that traders plan on purchasing more cryptos with their USDT holdings or that the Treasury pumped more coins into circulation to balance the price of the asset.

While the prevailing macroeconomic setting and other factors could influence traders’ decision to move funds away from centralized trading platforms, the recent limitations experienced by crypto exchanges from regulatory bodies triggered a panic in the crypto space, forcing investors to become more aggressive in holding their assets.

Key Bitcoin Levels to Watch — March 20

Bitcoin has retreated from the $42,000 area after a bullish recovery last week. The benchmark cryptocurrency has now fallen to the $41,000 support level, as bears threaten to drag prices lower.

BTCUSD 2022 03 20 19 29 36.png
BTCUSD – 4-Hour Chart on Gemini. Source: TradingView

However, the $41,000 holds critical significance for the cryptocurrency considering the pivot support at that level. That said, I expect a clean bounce off this level in the coming hours due to possible accumulation at that level. In the meantime, a bearish continuation would likely not proceed beyond the $40,000 support.

Meanwhile, my resistance levels are at $42,000, $42,400, and $43,000, and my key support levels are at $41,000, $40,000, and $39,000.

Total Market Capitalization: $1.85 trillion

Bitcoin Market Capitalization: $780.7 billion

Bitcoin Dominance: 42.2%

Market Rank: #1


You can purchase Lucky Block here. Buy LBlock

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

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