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November 25, 2020

OnChain Reaction

How bitcoin performed in the post-halving week with Chainalysis


Philip Gradwell
Chief Economist at Chainalysis Inc.

Philip Gradwell, chief economist at Chainalysis, discussed what’s been unfolding on the blockchain in the past week.

(24:21) “It’s been a post halving week. The Bitcoin price came close to $10K, near its year-to-date highs, but it hasn’t had that post-halving rocket to the moon that some people had been hoping for.”

(24:38) Bitcoin flows into exchanges have decreased in the last week, reversing the pre-halving build-up…(25:14) Tether flows out of exchanges increased, reversing the buildup of balances.

(25:49) Crypto-to-crypto exchanges continue the long-term trend of sending bitcoin to crypto-to-fiat exchanges…(26:32) Eastern Asia continues its long-term trend of sending bitcoin to North America.

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Gerelyn Terzo
Gerelyn caught wind of bitcoin in mid-2017 and after learning about the peer-to-peer nature of Satoshi's creation has never looked back. Previously she covered institutional investing and fintech for several major trade publications. Gerelyn resides in Verona, N.J.

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