alexametrics

39,000 BTC enters exchanges

cryptocurrency 1 month ago
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Bitcoin is consolidating at a range above $55,000 since recovering from the 26 November slump. Over the past few days, there hasn’t been any form of structural break indicative of a bearish bias. But an interesting on-chain development is suggestive of a possible dire situation. According to CryptoQuant, the amount of Bitcoin entering the exchange over the past 24-hours reached 39,000 BTC i.e worth close to $2.2 billion.
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