Bitcoin On-Chain Data Flashes “Dumping Risks” as Price Holds $22K
Certain on-chain metrics on the Bitcoin chart are flashing “dumping risks,” according to data fetched by Kim-Young Ju of CryptoQuant. The chief executive warned about an indicator known as “All Exchange Inflow Mean (144-block MA)” recently venturing into an area that typically precedes a bearish price move. In retrospect, the metric reflects the average of bitcoin deposits across the global cryptocurrency trading platforms. “When this indicator hits 2 BTC, it is likely to be sideways […]
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