Bitcoin analysis

in #bitcoin3 years ago (edited)

a25cfbac-2f21-41f0-8993-e060b86d97c8.jpg

In May, with the sudden drop in the price of Bitcoin, the amount of BTC deposits to exchanges increased due to the tendency to cash, but now this trend has been reversed.

According to the chart above, based on the 14-day moving average, in the last two weeks we have witnessed net bitcoin outflow from exchanges.

The report also noted that the number of seller addresses has increased and the number of buyer addresses has remained the same, and this divergence could indicate the inflow of smart money, as buyers clearly have more capital.

But do not forget that this data does not mean a definite upward trend in the short term !!!

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