BTC going through an exchange flow reversal, basically signify | MadJoe’s MadLab

BTC going through an exchange flow reversal, basically signifying that investor confidence is returning.

I personally still stand in the middle regarding whether will see a full trend reversal or not, this limbo is too weird to fully understand it. I’m skeptical towards ever seeing 60k levels again these year, but it’s definitely good news to see that people are slowly, but surely forgetting the FUD campaign we’ve endured over the last month.

As long as the US government/Elon/China don’t pull another manipulation scheme out of their asses we SHOULD be fine.

https://studio.glassnode.com/metrics?a=BTC&category=Entities&chartStyle=column&ema=0&m=distribution.ExchangeNetPositionChange&mAvg=0&mMedian=0&resolution=24h&s=1599557874&u=1623888000&zoom=