Many continue to hold on to their BTC as the general market awaits when the leading coin will breach the $30,000 price level.
Tarekonchain assessed BTC’s Exchange Depositing Addresses indicator and found that since the peak of the last BTC cycle, the indicator has trended downwards. This indicator is commonly used to assess the activity and liquidity of assets on exchanges.
When an asset’s Exchange Depositing Addresses indicator trends upward, it suggests that more participants in the market are actively depositing and trading the cryptocurrency on exchanges. Conversely, a fall indicates a decreased interest in trading that particular asset.“Exchange Depositing addresses indicator has reached its lowest bottom level, indicating that investors are showing minimal interest in moving their Bitcoin assets to exchanges.
While it is common for the MDIA to grow as investors HODL, if this metric continues to rise for an extended period, typically months, it suggests a concerning level of stagnancy within the coin’s network. This type of stagnancy often makes it hard for a coin’s price to break any psychological price points.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
A $30-billion disaster is just the tip of a deadly climate cyclePakistan’s record flooding last year displaced millions and left the country reeling. As a new monsoon season approaches, recovery efforts are floundering.
Lire la suite »
A $30 billion disaster is just the tip of a deadly climate cyclePakistan’s record flooding last year displaced millions and left the country reeling. As a new monsoon season approaches, recovery efforts are floundering.
Lire la suite »
EOS traders can finally breathe a sigh of relief as…Although negative sentiment continues to trail the token, EOS has defied all odds in the last week as increased buying pressure has caused its price to record growth.
Lire la suite »
Ethereum traders should be cautious as bears threaten another retracementThe 2-hour chart showed that Ethereum had a bullish market structure, but the lowered volatility over the weekend meant the $1930 resistance stood firm.
Lire la suite »
Gold market analysis for July 3 - key intra-day price entry levels for active traders
Lire la suite »
Institutional demand for Bitcoin prevails despite SEC roadblocks, thanks to…Large funds begin to accumulate Bitcoin despite SEC's recent actions towards the cryptocurrency sector. Traders turn hopeful as number of call positions taken for Bitcoin increase.
Lire la suite »