The supply to satisfy this demand is scarce. Take the case of October which began steady and ended strong on the price charts. For the week ending 19 October, as Bitcoin was below $13,000, 274,000 BTC were sent to exchanges with the intention to sell. These Bitcoins were sold at a profit of 25 percent or more, suggesting people were “cashing out.” Fast forward to a week later, with the price increasing to $13,300, and a lesser amount of Bitcoin, at 257,000 were sent to exchanges to sell-off with the same proportionate profit of 25 percent.
Forwarded from FTX Announcements
We will be posting an update on president2020 contracts soon. - https://twitter.com/FTX_Official/status/1325125925764173824
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We will be posting an update on president2020 contracts soon.
Forwarded from CryptoQuant
An unusually high amount of $BTC were withdrawn within one day from exchanges on the 3rd November.
Looking back at the previous days, it looks like that people make us of the 'buy & hold' strategy.
Analyst: Blackbeard | View Chart
Looking back at the previous days, it looks like that people make us of the 'buy & hold' strategy.
Analyst: Blackbeard | View Chart
Forwarded from CryptoQuant
Looking at SPOT exchanges inflow mean MA (144-block), it seems that we're safe from the dumping.
Analyst: j.o | View Chart | How to setup this chart
Analyst: j.o | View Chart | How to setup this chart