Bitcoin's price is currently testing $20K as the number of BTC on exchanges hits its lowest level since November 2018.
Bitcoin’s price is currently testing $20K as the number of BTC on exchanges hits its lowest level since November 2018.
Exchange outflows are typically perceived as bullish for prices since it demonstrates market players having long-term convictions in the asset instead of offloading them in the near term.to the crypto-analytic platform Santiment, Bitcoin continues to see its supply rapidly moving away from exchanges. This essentially indicated that traders are showing further signs of “being content with their current holdings.
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