On-Chain and Technical Analysis: BTC/USDT - Accumulation of "Smart Money"
The data suggests a scenario of Institutional Accumulation. Although the price is high, the fact that more than $62 Million has exited exchanges in a short period suggests confidence in the current valuation.
Note: Watch if the "Smart Money Flow" continues in the green. The outflow from exchanges is fuel for future rises due to supply shock.
Disclaimer: This content is for informational and educational purposes only and does not constitute financial advice. Do your own research (DYOR).
#bitcoin #BTC C #OnChainAnalysis #smartmoney
The data suggests a scenario of Institutional Accumulation. Although the price is high, the fact that more than $62 Million has exited exchanges in a short period suggests confidence in the current valuation.
Note: Watch if the "Smart Money Flow" continues in the green. The outflow from exchanges is fuel for future rises due to supply shock.
Disclaimer: This content is for informational and educational purposes only and does not constitute financial advice. Do your own research (DYOR).
#bitcoin #BTC C #OnChainAnalysis #smartmoney