Bull Rally에서 Bitcoin 교환 재고 수준이 의미하는 것은 다음과 같습니다.

Bitcoin exchange inventory level is a good way to gauge market sentiment towards the cryptocurrency. Inflows to exchanges in the past have usually indicated strong sell sentiment. Stemming from investors wanting to cash out the profits that they have made. This is usually the case during bull markets when prices go up. 하지만 처음으로, bitcoin exchange inventory levels are declining even though the price of the digital asset is on the rise.

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Numbers show that bitcoin exchange levels are not rising according to the price. 만약 있다면, the inverse looks to be the case. The number of bitcoins leaving exchanges recently has risen sharply. Just in the past 30 일, 위에 100,000 bitcoins have flowed out of exchanges. Representing one of the sharpest exchange reserves decline in the market.

chart showing decline of bitcoin exchange reserves

BTC exchange reserves experience sharp downtrend | 원천: 트위터

Investors Are Accumulating

The number represents a decreased supply in the market, and the outflows indicate that demand for the digital asset is on the rise. Investors are holding on to their coins instead of moving the coins to exchanges to sell. This has now put a lot of buy pressure on the market. The decreased supply will inadvertently lead to an increase in the price of the digital asset.

Chart showing exchange reserves following the price of bitcoin

BTC exchange reserves fall for the first time in a bull market | 원천: 트위터

These patterns show a peculiar accumulation pattern in the market. Bitcoin accumulation is usually highest when the market is in a bear market. An extended bear market like the one following the 2017-2018 bull market would see investors hoarding coins in wait for the next bull. But presently, accumulation patterns show that investors are hoarding coins even in a bull market.

Sentiment remains generally positive with the Fear & Greed Index finally moving into greed for the first time in months. Accumulation patterns now show a very bullish pattern in the market. Retail investors do not think that the bull market will be over anytime soon, neither do the institutional investors.

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As more bitcoins are mined, leading to the decline in the number of bitcoins left to come into the market, investors are trying to get their hands on as much of the digital asset as possible. This increased demand is what has sent the price surging. Leading to a continuation of the bull market that had grinder to a half after the asset hit a new all-time high of $64K.

Bitcoin Moving Up With Accumulation

Bitcoin’s price has been on the up and up going into August. Its price had hit $45K for the first time in two months, pointing to a continuation of the bull market. Eight consecutive green days had seen BTC hit eight green candles, triggering a bull run in the market. 이 지점에서, bulls had taken complete control of the market. Bears had recorded massive losses as the market saw over $1 billion shorts liquidated in the span of 24 시간.

TradingView.com의 비트코인 ​​가격 차트

BTC price trailing $44K | 원천: TradingView.com의 BTCUSD

The bulls have continued to maintain their hold on the market. Bitcoin price has experienced several dips in this week alone. But downwards movement on the charts has not been to a significant extend. The price had tested $48K this week. Eventually breaking back down below $44K when faced with resistance at this level.

Trailing prices now rest in the $44K territory for BTC. Price analysis shows the mark to beat for another rally sits at $46K with the current momentum. As of the time of this writing, BTC is currently trading at $44,470, with an overall market cap of $835 십억.

비트코인 뉴스의 주요 이미지, charts from Twitter and TradingView.com

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원천: 뉴스 BTC