TXMC
BlockFi looking abysmal
Has anyone performed a wellness check on BlockFi recently? Activity in and out of BlockFi wallets has quieted down, with net flows showing minimal activity the past month. Net flows to miners (red) and net flows to exchanges (blue) showing a flatline. Additionally, their BTC reserves (green) are printing their lowest levels since March 2020. As BlockFi deals with regulatory scrutiny and crackdowns in a handful of U.S. states, the company still plans to go public later in 2021 or early 2022.