Bitcoin miner flows to exchanges have reached a short-term low, suggesting potential accumulation, according to data from CryptoQuant. This trend indicates that miners may be holding onto their Bitcoin rather than selling, which could impact market supply dynamics. The decrease in miner flows to exchanges is often seen as a bullish signal, as it suggests confidence in future price increases.
Bitcoin Miner Flows to Exchanges Reach Short-Term Low
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.