Auto Added by WPeMatico

Bitcoin volumes on exchanges will rise only after ‘bull-flip’

Three weeks ago, a sharp turn was observed on the Bitcoin exchange balances charts. BTC held by exchanges were identified to entertain a hike on the charts after months of decline in 2020. However, recent data would suggest that this might have been a false alarm, with volumes falling down to a new yearly low. Source: Glassnode According to the attached chart, Bitcoin levels on exchanges were down to 2.63 million, at the time of writing, after rising to 2.69 million in late-July. Considering the fact that Bitcoin was trading at a high price when the rest of the year…

Continue Reading Bitcoin volumes on exchanges will rise only after ‘bull-flip’

End of content

No more pages to load