Balance on exchanges might indicate light at the end of the tunnel

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Today we are experiencing another change in the balance of the amount of BITCOIN accumulated in the exchanges.
While last May 4th we experienced a massive entry of BTC into exchanges, it seems that for a few hours, this trend is reversing.

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I do not want to claim that perhaps the bottom is at current price levels, but it is a fact that when the trend changes, it usually predicts a change in the market, that is:

  • If the amount of BTC in exchanges decreases, this is synonymous with scarcity and decreased liquidity in the exchanges, which usually triggers a price increase
  • On the contrary, if the amount of BTC in the exchanges increases, the most likely reason is the tendency to sell them, causing a price drop.

What do you think, are we seeing the end of the tunnel?


@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible for any of your profit/losses obtained as a result of this information.

Posted Using LeoFinance Beta



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5 comments
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It keeps feeling like we are seeing the end of the tunnel but there is going to be light at the end of that tunnel I hope so.

Posted Using LeoFinance Beta

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We probably might be at the bottom now, maybe it might hover between 29k-33k for a while before a move to reclaim 40K

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