CryptoQuant Analyst: Demand Indicators Show Dormant Funds Flowing Back into Bitcoin
Odaily reports that CryptoQuant analyst IT Tech stated that the apparent demand indicators show a significant rebound in buying interest for Bitcoin. This strong rebound from extreme negative values (below 200,000 Bitcoins) indicates that previously dormant funds are flowing back in.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum whale sells 2,404 Ethereum purchased 4 years ago, breaking even
Data: A certain whale sold 60,000 SOL at a loss, incurring a loss of $3.3 million.
Data: OTC institutions purchased 9,945 ETH, with previous swing trading profits exceeding $94 million
Data: Tesla drops more than 1.5% in pre-market trading, after falling 6.6% in the previous session
Trending news
MoreCrypto prices
More
