Join Our 800,000+ Community

Get Ember

more posts

March 15, 2022

Bitcoin Outflows from Exchanges

Despite the market dip in recent months, a total of 31,130 bitcoin left Coinbase last week, which is the highest weekly outflow since 2017 according to Glassnode. While retail traders aren't currently buying, exchange outflows show large institutional players are.

In addition, the amount of Bitcoin held on exchanges has dropped to 2,519,403 BTC, the lowest since 2018. The low supply held on exchanges means hodlers are in control of a majority of the supply, which also means sell-side pressure is drying up.

Big institutions are stackin' sats. Are you?

Thank you for reading!

Don't forget to come into the app tomorrow to continue learning about crypto! 

Don't miss out on our latest posts

March 20, 2023

Two New Tournaments This Week

Two new portfolio tournaments have arrived! Check the roster for more details.

March 17, 2023

Community Vote: F1 Racing & Barcelona vs Real Madrid

This is who the Ember community thinks will win the F1 Saudi Arabian Grand Prix and Barcelona vs Real Madrid match this weekend.

March 15, 2023

New Tournaments: F1 Racing & Barcelona vs Real Madrid 🏆

Two new portfolio tournaments have arrived! This time, we're bringing sports into the crypto world. Check the roster for more details.

Download Ember Fund