#onchain #analysis
#BTC #bullish #long_term
There might be a Supply Shock!
The exchange reserves have generally been in a downtrend during this cycle, so the main downtrend might not signal anything. However, a sudden massive drop or change of direction might be a good signal. Currently, the metric has significantly dropped and historically this is a clear bullish sign as the chart shows.
Each time the metric witnessed a massive drop, The price experienced a short- mid-term surge. hence, Another rally might be coming soon. Hope you are ready with good risk management.
bu Greatest_Trader
