menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinist

2M

read

432

img
dot

Image Credit: Bitcoinist

Bitcoin Bullish Signal: Exchange Depositing Addresses Now Lowest Since 2016

  • The number of Bitcoin addresses depositing to exchanges has reached its lowest level since 2016.
  • Low depositing addresses suggest a decreased interest in selling coins on exchanges, which can be considered a bullish sign.
  • The downtrend in exchange depositing addresses has been visible since the end of 2021.
  • The presence of spot exchange traded funds (ETFs) could be a contributing factor to the decline in exchange activity.

Read Full Article

like

25 Likes

For uninterrupted reading, download the app