On June 25, Joao Wedson, founder and CEO of digital asset investment analysis platform Alphractal, citing CryptoQuant data, stated that he observed BTC.com pool frequently selling BTC when prices are at a stage high, and reducing fund outflows during continuous price increases. Even as Bitcoin breaks through $100,000 again, their recent funds flowing to Binance have sharply decreased, which may indicate market expectations of BTC setting a new record high.
Opinion: BTC.com The amount of BTC flowing from mining pools to Binance continues to decline, which may indicate that the market expects BTC to hit a new high
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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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