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“Exchange FUD” Narrative That Haunted Bitcoin May Finally Be Dead: Analyst

“Exchange FUD” Narrative That Haunted Bitcoin May Finally Be Dead: Analyst

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Went through some numbers now: Since the fall from $12k to $10k on September 2nd, Coinbase alone has been a massive net buyer of $BTC. Roughly 40,000 BTC in net buying in that 44 day period. (800 BTC a day).” 
Photo by Dikaseva on Unsplash

These include, Bithumb getting raided by South Korean police at the start of September. KuCoin getting hacked for more than 200 million worth of electronic assets, the majority of which were in Ethereum and ERC-20 tokens. And finally, BitMEX getting charged by the U.S. CFTC over derivatives violations.

Cost tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com”Exchange FUD” Narrative That Haunted Bitcoin May Finally Be Dead: Analyst

This past week, OKEx revealed that it had frozen withdrawals of Bitcoin and all other cryptocurrencies. A private key holder that handles withdrawals went offline after he began cooperating with a public security bureau.

Went through some numbers now:

Published at Sun, 18 Oct 2020 04:30:45 +0000

Critics state that BTC’s inability to ditch this news demonstrates that the cryptocurrency exchange FUD story that once captured this sector is”officially dead.”

Some view: BTC is up about 5% during a 3-week interval where Kucoin got hacked, Bitmex executives got charged by authorities, and Okex suspended withdrawals because of investigation.

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