Bitcoin Transfers to Spot Exchanges at Highest Levels Since March 2020 Crash

PROBE IT Bitcoin

Although bitcoin has already lost roughly 50% of its USD value in two months, the asset could be primed for even more adverse price developments. After the death cross and reports suggesting institutions are dumping, new on-chain data revealed that investors had deposited massive portions of their holdings to exchanges, which could lead to another sell-off.

Source : Bitcoin Transfers to Spot Exchanges at Highest Levels Since March 2020 Crash