How BitMEX Wallets Impact the Price of Bitcoinby@evanaze
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How BitMEX Wallets Impact the Price of Bitcoin

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Currently BitMEX — a large exchange for trading Bitcoin — allows withdraws from their wallets only one time per day. These withdraws — or outflows — can be quite high volume, so we would like to know if these outflows are possibly an indicator of the Bitcoin market. Since I work for Amberdata, and Amberdata provides the best blockchain metrics and data, we will be using their product for today's analysis. We calculate the net flow of money in and out of the BitEX exchange as: In - Outflow.

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Evan Azevedo HackerNoon profile picture

@evanaze

Evan Azevedo

I am a generalist and lover of the sciences


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