OnChain Reaction

How bitcoin performed in the post-halving week with Chainalysis

Featuring

Host
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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