Tommaso
Fri Jul 12 2024
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7 answers
1813
Why are bitcoin balance outflows on exchanges a sign of a change?
Could you elaborate on why bitcoin balance outflows on cryptocurrency exchanges are often considered a tell-tale sign of potential market changes? Many investors seem to keep a close watch on these metrics, so what makes them so significant? Does it indicate a shift in sentiment among traders, or does it simply reflect a change in trading strategies? Could you provide some historical examples where such outflows preceded significant market movements? Understanding the nuances behind this phenomenon could help investors make more informed decisions.
