Bitcoin on-chain indicator Exchange Stablecoin Ratio (ESR) has continued to show bullish divergence recently. Will the price also mimic this? Bitcoin ESR Has Continued To Sharply Ascend In Recent Weeks As explained by an analyst in a CryptoQuant post, the ESR is currently acting as a leading indicator for BTC’s price. A relevant metric here is the “exchange reserve,” which measures the total amount of a cryptocurrency that’s currently sitting in the wallets of all centralized exchanges. The “ESR” is an indicator that tells us about the ratio between the exchange reserve for Bitcoin and that for the combined stablecoins
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Author: coinmaker