Bitcoin’s Net Exchange Flows Flip Bearish As Cryptocurrency Struggles For Directional Bias
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A blockchain indicator tracking the flow of coins in and out of centralized exchanges is signaling a bearish shift in investor sentiment similar to the one seen before the May 2021 crash. Glassnode…
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In another week ending March 16, digital asset investment products registered net outflows of $1.7 billion, expanding the outflow trend to five consecutive weeks. Due to price downturns and continued outflows, total AUMs have decreased by $48 billion, according to data reported by Coinshare today. Despite the persistent bearish sentiment,…
Bitcoin price started a fresh decline below the $40,000 level against the US Dollar. The price is now trading below $40,000 and the 55 simple moving average (4-hours). There is a key bearish trend... [[ This is a content summary only. Visit my website for full links, other content, and…