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There is a signal that reduces my bullishness on $BTC.
The amount of $BTC deposited into cex exchanges suddenly increased sharply.
This perfectly matches the price drop in the last few days, suggesting this is whale Dump pressure as the price rebounds.
When supply suddenly surges and overwhelms demand like this, it's difficult to go far.
Data provided by @CoinAnk
Check the data here:
coinank.com/register?referral=...…
#coinank BTC

Is the signal coming in yet?
@thanphu
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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