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$BTC All Exchanges Inflow Mean(7d MA) hit the eight-month high since March when the price hit the year-low.
Very bullish in the long-run.
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Very bullish in the long-run.
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1/ Whales benefit from retail investors.
Ironically, if you see the low time frame, the Exchange Inflow Mean is a bullish signal. Whales are depositing to exchanges, but they don't sell $BTC.
The time they sell coins is when retail investors are active on exchanges.
Ironically, if you see the low time frame, the Exchange Inflow Mean is a bullish signal. Whales are depositing to exchanges, but they don't sell $BTC.
The time they sell coins is when retail investors are active on exchanges.
2/ This indicator also can be used as a buy-the-dip indicator. Whales deposit $BTC to exchanges a lot after the plummet, but they eventually realize that it's too low price to sell BTC.
3/ The uptick in this indicator happened on Nov 10 as well when the $BTC price was ranging $15,000.
I was very bullish at that time. https://twitter.com/ki_young_ju/status/1326073105555492864
I was very bullish at that time. https://twitter.com/ki_young_ju/status/1326073105555492864
4/ Data by @cryptoquant_com
You can find this chart here
https://cryptoquant.com/overview/full/240?window=day&utm_source=twitter&utm_medium=sns&utm_content=btc_exchange_inflow_mean_ma7_all_exchanges&utm_campaign=prediction
You can find this chart here
https://cryptoquant.com/overview/full/240?window=day&utm_source=twitter&utm_medium=sns&utm_content=btc_exchange_inflow_mean_ma7_all_exchanges&utm_campaign=prediction
