Quick market update #crypto APRIL 2024:
-Cash flow #stablecoin continuously declined and was strongly withdrawn from CEX.
-Trading volume in the entire market is still sluggish, lacking liquidity and new cash flow.-
- #BTC the amount of deposits and withdrawals on drip exchanges has not shown anything yet, perhaps funds are anxiously waiting for upcoming macro information from #FED , as well as the SELL IN MAY psychology of the market - In the frame W almost all orders shown by the big guys are liquidating #Bitcoin and there is no sign of buying back. Only a few small amounts, somewhere over 200M$, were purchased on Binance.
====> With the current cash flow and liquidity, combined with quite bad macro. Everyone should have specific and careful plans for the big battle next May and June.