The analysis of Exchange Depositing Transactions charts indicates an increase in investors' interest in the market. The number of Depositing Transactions has experienced a spike in recent days, reaching over 107 thousand transactions on March 4th, which is nearly the highest value since 2022. Meanwhile, the Exchange Netflow (Total) chart shows an increase in Bitcoin outflows from exchanges. These could indicate the market's inclination towards continuing the upward trend in the coming months.
Written by CryptoOnchain