The recent period has brought us many interesting findings regarding cryptocurrency trading.
One such finding is, for example, the difference in the behavior of traders, specifically those who use US crypto exchanges compared to the others.
Analysts from glassnode pointed out the following phenomenon, namely the difference in the inflow and outflow of Bitcoins.
Chart 1, which analyzed crypto exchanges such as Binance, Bittrex and Bitfinex, thus companies outside the US recorded an accelerated inflow of BTC throughout 2021. With dominance at Binance, which recorded an increase in balances of more than 100K BTCs in just one week during the May sell-off.
Chart 2 followed US regulated exchanges such as Coinbase, Gemini, Kraken and Bitstamp, which recorded the exact opposite scenario namely the continuation of declining balances.
It is very interesting to observe what different behaviors still persist when it comes to cryptocurrencies and it is not just related to trading. We can also see big differences in the attitude of different countries towards crypto and also technology.
Let's compare, for example, the attitude of China and Great Britain. China has decided to take action against Bitcoin, while Britain’s most powerful financial lobby group urges the country to seize the opportunity and support the crypto ecosystem.