New: Bitcoin investors who bought 6 to 12 months ago sharply reduced the amount of BTC they sent to exchanges, from 40.4% of their transfers in June to just 4.4%, according to CryptoQuant.
The implication: A decline in exchange deposits is often interpreted as a decrease in selling intent, which may reflect greater confidence among this group of investors.
The implication: A decline in exchange deposits is often interpreted as a decrease in selling intent, which may reflect greater confidence among this group of investors.