All good...

almost 5 years ago

There are no clear signs of exhaustion in the crypto market.
Actually, BITCOIN continues to flow out of centralized exchanges where it is increasingly scarce, although the pace has slowed down a bit.

(Source)

The "exit rate" of BTC from exchanges is 22,000 a month when a few weeks ago it was 100,000 BTC a month.
The INFLOW / OUTFLOW data is interesting, in fact, it is one of the most important indicators when it comes to anticipating a possible change in the general trend...

I don't think there is much to explain here, you don't have to be a master in economics to understand that when BTC enters the exchanges it is to sell it, and much more to obtain FIAT since, to exchange it for stable coins nowadays you do not need a CEX but a simple METAMASK wallet.

What do you think?

@toofasteddie

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12 comments

@hivebuzz 74

almost 5 years ago

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@joetunex 77

almost 5 years ago

Moving it off exchanges for HODLing perhaps.

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@toofasteddie 77

almost 5 years ago

Yes, or also for trading using metamask/pancake and the like

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@poshtoken 88

almost 5 years ago

https://twitter.com/thecryptorunner/status/1455238592838656002
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@rmsadkri 70

almost 5 years ago

More important question here is - What do you think? That's what matters to me so that I can plan ahead :P

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@toofasteddie 77

almost 5 years ago

I think that BULLS are going to stay in the market for some more weeks still

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@bitbrain 65

almost 5 years ago

I think the bulls are restless. I think it's time we got a PROPER bull run!

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@empress-eremmy 76

almost 5 years ago

Still bullish about a mega-run by December

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@toofasteddie 77

almost 5 years ago

👍

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@acesontop 81

almost 5 years ago

Looks like exchanges are working on that, as Binance did today with suspending withdrawals for a few hours. The less liquidity on exchanges the less revenues for them.

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@toofasteddie 77

almost 5 years ago

Escape from BINANCE if you can

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@criptoar 67

almost 5 years ago

It is also interesting in the graph to see how the whales sold at high prices that by then (May 2021) were 60,000 dollars and now at 61,000 dollars they do not sell.

In other words, the 61,000 dollars today is cheap, for the whales, because they continue to buy and continue to leave bitcoin from the exchanges

You have my vote

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