Data first: $BTC intraday +1.31%
Now the news: An exchange says long-term holders have hardly deposited any Bitcoin on trading platforms during Bitcoin’s decline from $87,000.
On its face, this is a negative factor. How much impact it has on the market remains to be seen—let volume provide the answer. Only simultaneous changes in price and volume count; if the price moves but trading volume doesn’t, be skeptical.
#BTC
Just my personal take; I may be wrong. Please consider it rationally.
Now the news: An exchange says long-term holders have hardly deposited any Bitcoin on trading platforms during Bitcoin’s decline from $87,000.
On its face, this is a negative factor. How much impact it has on the market remains to be seen—let volume provide the answer. Only simultaneous changes in price and volume count; if the price moves but trading volume doesn’t, be skeptical.
#BTC
Just my personal take; I may be wrong. Please consider it rationally.