Today we are experiencing another change in the balance of the amount of BITCOIN accumulated in the exchanges.
While last May 4th we experienced a massive entry of BTC into exchanges, it seems that for a few hours, this trend is reversing.
I do not want to claim that perhaps the bottom is at current price levels, but it is a fact that when the trend changes, it usually predicts a change in the market, that is:
- If the amount of BTC in exchanges decreases, this is synonymous with scarcity and decreased liquidity in the exchanges, which usually triggers a price increase
- On the contrary, if the amount of BTC in the exchanges increases, the most likely reason is the tendency to sell them, causing a price drop.
What do you think, are we seeing the end of the tunnel?
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible for any of your profit/losses obtained as a result of this information.
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