According to Foresight News, CryptoQuant quoted the views of analyst Axel Adler Jr. and said that the data showed that the Exchange Flow Multiple indicator had a low value before the market rose in June 2023. The current level of this indicator is also at a low level, which may indicate that the market is preparing for the next upward trend.
The Exchange Flow Multiple indicator shows the ratio between the short-term (30-day) and long-term (365-day) BTC inflows and outflows of the exchange. When the Exchange Flow Multiple decreases, it means that the short-term inflows and outflows of the exchange are significantly lower than the long-term inflows and outflows.
