BTC has consistently left exchange wallets since the Spot ETF approvals by the US Securities and Exchange Commission on January 10.
Analysts at crypto intelligence tracker Santiment note that Bitcoin’s exchange supply is in a downtrend. This has happened alongside an increase in stablecoin supply overn the past five weeks.
An increase in USDT reserves on exchanges is considered indicative of rising buying power, suggesting that it is likely that the mid-term bull cycle that started in October still has legs, the analysts said
BTCUSD Sell Now 43383
Confirm Target. 40100
Analysts at crypto intelligence tracker Santiment note that Bitcoin’s exchange supply is in a downtrend. This has happened alongside an increase in stablecoin supply overn the past five weeks.
An increase in USDT reserves on exchanges is considered indicative of rising buying power, suggesting that it is likely that the mid-term bull cycle that started in October still has legs, the analysts said
BTCUSD Sell Now 43383
Confirm Target. 40100
Note
Running trade Profit 🔥🔥Note
Guy's support me
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.