Bitcoin analysts show ‘apparent relationship’ between exchange flow and price


There’s less Bitcoin flowing in and out of cryptocurrency
exchanges lately, which indicates calm from those who’ve been
keen to profit from its price movements — especially when
compared to levels recorded in June and July. In fact, the amount
that traders have sent to major cryptocurrency exchanges is now on
par with the total being taken off-exchange, reports Delphi
Digital in analysis shared with Hard Fork. “It’s clear there
were significant net outflows during the big rally in the second
quarter of 2019, as bullish sentiment really started picking up and
individuals were moving Bitcoin off exchanges because they had no
intention of…


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Source: FS – All Tech News
Bitcoin analysts show ‘apparent relationship’ between exchange flow and price