🔍 Attention, crypto enthusiasts! Bitcoin (BTC) is consolidating between $94,000 and $92,000, while investors withdraw their assets from exchanges. According to AxelAdlerJr from CryptoQuant, the platforms are registering low levels of BTC deposits, similar to 2016. This could indicate future price movements.
- Daily deposits: 30,000 BTC, far from the average of 90,000 BTC.
- Negative Netflow-to-Reserve ratio: more BTC is being withdrawn from exchanges.
What do you think about these trends? 💬 Comment below!