Bitcoin withdrawal cash flow from exchanges is taking the lead
The ratio of inflows and outflows on exchanges is currently 0.97 and continues to decline on a monthly average basis. Investors tend to buy $BTC to store in self-custody wallets rather than keeping it on exchanges, indicating a long-term holding goal as the price has remained in an uptrend over the past month.
The ratio of inflows and outflows on exchanges is currently 0.97 and continues to decline on a monthly average basis. Investors tend to buy $BTC to store in self-custody wallets rather than keeping it on exchanges, indicating a long-term holding goal as the price has remained in an uptrend over the past month.
