📊 BITCOIN SELLING PRESSURE MAY BE COOLING DOWN
Only 4.4% of moved Bitcoin aged 6–12 months reached exchanges, down sharply from 40.4% in June, according to CryptoQuant.
This is worth watching because older coins moving to exchanges can signal that holders are preparing to sell. The steep decline suggests fewer coins from this group are reaching exchanges, potentially reducing one source of selling pressure.
However, it doesn’t guarantee that Bitcoin is ready to rally. Short term traders can still sell, and exchange deposits don’t always result in actual sales.
Fewer older coins heading to exchanges could give BTC some breathing room. The next question is whether buying demand is strong enough to take advantage. $QQQB
$PUMP
Only 4.4% of moved Bitcoin aged 6–12 months reached exchanges, down sharply from 40.4% in June, according to CryptoQuant.
This is worth watching because older coins moving to exchanges can signal that holders are preparing to sell. The steep decline suggests fewer coins from this group are reaching exchanges, potentially reducing one source of selling pressure.
However, it doesn’t guarantee that Bitcoin is ready to rally. Short term traders can still sell, and exchange deposits don’t always result in actual sales.
Fewer older coins heading to exchanges could give BTC some breathing room. The next question is whether buying demand is strong enough to take advantage. $QQQB
$PUMP