Exchange balance data reflects investor behavior and is a crucial metric in cryptocurrency trading. It indicates whether investors are more inclined to store their Bitcoin holdings off-exchange, which can signal a bullish sentiment, or to keep them on exchanges for potential sale or trade, often seen as a bearish indicator.
December sees investors pulling Bitcoin off exchanges December sees investors pulling Bitcoin off exchanges
December data suggests growing investor preference for holding Bitcoin off-exchange.
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Updated: Dec. 25, 2023 at 3:36 pm UTC
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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.