Ad Exchange-related deposits and withdrawals of Bitcoin are often good indicators of market sentiment. When the number of exchange deposits grows, the liquid supply of Bitcoin grows and shows the market’s readiness to trade. Conversely, when the number of exchange withdrawals increases, investors seem less interested in trading and are looking to hold their BTC…
Research: Withdrawal price – A new way of assessing Bitcoin
Assessing the health of the crypto market requires looking at more than just Bitcoin’s price. Looking at the percentage of Bitcoin holders that are in profit, meaning they bought BTC at a price lower than its current spot price, is a solid indicator of future movements. Holders that saw their BTC increase in value are…