Stablecoin supply fell by $856 million last week, while publicly listed companies made net sales of 89 BTC. After this news came out, I first watched the flow of funds, then checked the price.
This is a headwind for short-term price movements; the impact on fundamentals will depend on what comes next. Keep an eye out for large deposits to exchanges—that usually means someone is preparing to sell.
$BTC .
#BTC
This is a headwind for short-term price movements; the impact on fundamentals will depend on what comes next. Keep an eye out for large deposits to exchanges—that usually means someone is preparing to sell.
$BTC .
#BTC