We can see a positive momentum signal to what has been in play | Trading Crypto Guide ™
We can see a positive momentum signal to what has been in play since July 2023, suggesting the flow of coins in and out of exchanges is also heightened. The monthly average of total Exchange Flows (inflows plus outflows) is currently at $8.19B per day, significantly higher than the peak in the 2020-2021 bull market.
Overall, Bitcoin’s YTD price action is supported by a significant uptick in spot trade volume, and exchange flows onchain.
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