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.