Analyst: The exchange’s BTC inflow and outflow ratio dropped to 0.97, which is good for long-te… — Makala Kamili na Usomaji Unaohusiana

According to PANews news on October 4, CryptoQuant analyst Darkfost issued an article stating that the exchange’s BTC inflow and outflow ratio is showing a trend that is conducive to the accumulation of BTC. Currently, the monthly average for the ratio is around 0.97 and continues to decline. This indicates that the current market phase is dominated by capital outflows, which is a positive sign. When a large amount of BTC flows out of the exchange, it means that some investors tend to transfer the purchased BTC to self-custody for long-term holding.

Analyst: The exchange’s BTC inflow and outflow ratio dropped to 0.97, which is good for long-term holdings

Habari zinazohusiana

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