As Bitcoin fights its way back over $27,000, a closer look at on-chain data reveals a prevailing sell-side regime in the market. Despite the price increase, it appears that traders are cashing in, but why? With an understanding of buy-side and sell-side exchange inflows, we can assess the market sentiment. Bitcoin and Ethereum inflows indicative of sell-side pressure, and stablecoin inflows pointing to buy-side pressure. But as we dig deeper, a shift in the market reveals...
Bearish warning as sell-side pressure persists despite Bitcoin surge – on-chain data shows Bearish warning as sell-side pressure persists despite Bitcoin surge – on-chain data shows
Despite Bitcoin's leap, sell-side dominance persists, signaling cautious market sentiment.
3 min read
Updated: Sep. 18, 2023 at 2:41 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.
Ethereum
$3,142.41
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
