Bitcoin analysis
In May, with the sudden drop in the price of Bitcoin, the amount of BTC deposits to exchanges increased due to the tendency to cash, but now this trend has been reversed.
According to the chart above, based on the 14-day moving average, in the last two weeks we have witnessed net bitcoin outflow from exchanges.
The report also noted that the number of seller addresses has increased and the number of buyer addresses has remained the same, and this divergence could indicate the inflow of smart money, as buyers clearly have more capital.
But do not forget that this data does not mean a definite upward trend in the short term !!!
😍😍😍
😍😍
Greetings friend @mr-mehdi
Welcome to this great platform, I am glad to see that you have decided to join Steemit, therefore, I invite you to share original and good quality content.
I am @adeljose, Venezuela Representative in Steemit, our desire is to help you grow in this platform, so I want to invite you to be part of Newcomers' Community managed by @cryptokannon. In it, you can develop the necessary knowledge to understand how the Steemit platform works, you only have to start by completing Achievement 1, and when you complete the achievements, you can have the opportunity to receive support from "Steem Greeters", through the "500SP minnowsupport" program,