Exchanges· ★★· neutral·

bitFlyer Reports Surge in Yen Withdrawal Requests, Dismisses Bitcoin Crash Link

  • —bitFlyer said Sept. 25 that yen withdrawal requests are piling up, slowing processing
  • —The exchange did not disclose the cause, request count or withdrawal amounts
  • —bitFlyer's status page shows All Systems Operational with no trading outages
  • —BTC topped $87,000 on Sept. 21, gaining more than 7% that day
Why it matters: A backlog of yen withdrawals alone does not confirm BTC selling: without data on amounts or causes, it is no signal of a market reversal.
#BTC
Source: CoinChoice
More on this
Markets · 15:44
Bitcoin ETF inflows slow to $191M after Monday's record
 Markets · 15:24
Bitwise: Institutions See Bitcoin as Gold but Allocate It Like Tech
 Markets · 15:21
FxPro: Bitcoin may pull back to $75K without ending the bull market