"Delving into the Bitcoin balances on crypto exchanges can reveal deep insights about the market's condition. The consistent pattern of Bitcoin withdrawals surpassing deposits since the start of 2023 paints a telling picture. The exchange volume momentum, which compares the monthly and yearly average of combined inflows and outflows, indicates an evolving investor interest in Bitcoin. But what does this shift mean for the market, and how does it correlate with Bitcoin's recent price dip? The answers may surprise you in the full Alpha article..."
A cautious Bitcoin market is shifting from trading to holding A cautious Bitcoin market is shifting from trading to holding
Bitcoin holders pivot to long-term strategy as withdrawals on exchanges overtake deposits.
3 min read
Updated: Sep. 25, 2023 at 2:16 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.