🚨 There is a massive influx of #Bitcoin into Spot exchanges.
✍️ While millions of dollars in liquidations occur within hours, they are still stocking up on Bitcoin ready for sale like crazy. Unfortunately, besides a few long-term Onchain data such as MVRV, I don't have much reliable data that I can present positively on the Onchain side. Short-term data still shows a bearish trend.
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🚨 There is a massive influx of #Bitcoin into Spot exchanges.
✍️ While millions of dollars in liquidations occur within hours, they are still stocking up on Bitcoin ready for sale like crazy. Unfortunately, besides a few long-term Onchain data such as MVRV, I don't have much reliable data that I can present positively on the Onchain side. Short-term data still shows a bearish trend.