Key Bitcoin onchain signal may mark BTC’s next demand revival
Summary
Bitcoin struggles to break the $65,000 barrier amid ongoing selling pressure. However, a stabilizing on-chain indicator offers insights into potential recovery in spot market demand, suggesting a possible shift in the cryptocurrency landscape.
Key Insights
What is an on-chain signal in Bitcoin analysis?
An on-chain signal is a metric derived from Bitcoin blockchain data, such as transaction volumes, address growth, exchange flows, or holder profitability, used to gauge market sentiment, demand shifts, and potential price movements.
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Why do exchange inflows and outflows matter for Bitcoin demand?
Exchange inflows often signal selling pressure as Bitcoin moves to platforms for sale, while outflows indicate holding intent, reducing supply and potentially boosting demand and price.
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