Bitcoin Exchange Flows Suggest Clear Accumulation Trend: Analyst
Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News Bitcoin exchange outflows have been ongoing for two months, with many days seeing only outflows, observed CryptoQuant analyst ‘Darkfost’, who described it as “insane.” Since the beginning of March, the monthly average exchange flow has turned negative and currently stands at -1,640 BTC. “This suggests a clear accumulation trend that has been building over the past few months,” they said, adding that when BTC leaves exchanges like this, “it is often with the intention of longer-term holding.” “When this kind of behavior persists, it is no longer about sporadic transfers sometimes driven by exchanges themselves
Source: https://cryptopotato.com/bitcoin-exchange-flows-suggest-clear-accumulation-trend-analyst/
