The cause of confidence
The strict editorial policy that focuses on accuracy, importance and impartiality
It was created by industry experts and carefully review
The highest standards in reports and publishing
The strict editorial policy that focuses on accuracy, importance and impartiality
Football price for lion and players soft. All Arcu Lorem, Intrimies, any children or, ulamcorper, hate football.
This article is also available in Spanish.
According to QuickTake Cryptoquant mail Bitcoin (BTC) was published earlier today, about a large -scale gathering. Since February 6, the net flow has remained negatively – a historic upright signal.
Bitcoin to take advantage of the net negative exchange
The past 24 hours have been very volatile for the encryption market, as the liquidation exceeds $ 360 million, which is the majority that involves long jobs. However, despite this market withdrawal, the data on the chain remains optimistic, indicating that concerns may be exaggerated.
Related reading
In a common common post today, the Cryptoquant analyst Ibrahimkosar highlighted bitcoin exchange flows. He pointed out that since February 6, BTC has seen a continuous negative negative flow through trading platforms.
To explain, when a large amount of BTC is withdrawn from the stock exchanges, it often indicates that investors – most likely those who bought at lower prices – expect a rise in prices. These investors transfer their property to the cold portfolio, expect long -term gains and pay the network fees to secure their assets. Over time, this behavior results in a negative flow of BTC via stock exchanges, which is an upper indicator.
On the contrary, when a large amount of BTC is deposited on the stock exchanges, it increases the pressure pressure, which often indicates a declining direction. The extended periods of high encryption deposits lead to positive net flows, which precedes a decrease in the price.
The analyst stated that modern data – from February 6 onwards – indicates that a large amount of BTC is withdrawn from the exchange of encryption. The analyst added:
Historically, these high flows have led to a significant increase in prices in Bitcoin. This indicates that market fluctuations to the upward trend can be on the horizon.
Ibrahimkosar's visions are in line with a modern analysis of the Shayanbtc encrypted analyst, who male BTC reserves on exchanges quickly decrease. There can be a continuous decrease in the exchange reserves that paves the way for the trauma -based prices, which reflects the last declining direction of Bitcoin.
The momentum, the macroeconomic factors indicate the upper direction
Besides the scales on the chain, technical indicators such as the RSI index (RSI) also turned into a rise. accident analysis By Rekt Capital, it highlighted that the daily RSI of BTC has broken the multi -month downtown, indicating that high prices may be imminent.
Related reading
In addition, the total economic factors appear to feed optimism. Reports Suggest US President Donald Trump may reconsider the upcoming mutual definitions that will be in force on April 2, which may reduce market fears.
Meanwhile, bitcoin whales – conservative with large BTC holdings – resume Just after a short period of stillness, which enhances the upward feelings. At the time of the press, BTC is trading at 85,071 dollars, a decrease of 2.1 % in the past 24 hours.
A distinctive image created with UNSPLASH, plans from Cryptoquant and TradingView.com
Comments are closed, but trackbacks and pingbacks are open.