Bitcoin Dips Below $23K Ahead of Fed’s Meeting

Market Wrap: Genesis Withdrawal Suspension Looms Over Cryptocurrencies

To be sure, the number of whale, or large bitcoin holder, deposits to exchanges has declined in recent weeks, which in isolation is bullish. But the volume of deposits to exchanges exceeds the number of withdrawals on a relative basis, which is not. The withdrawal of assets from exchanges is generally a bullish signal.

Source link

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments