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...
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