A cautious Bitcoin market is shifting from trading to holding

09/25/2023 20:45
A cautious Bitcoin market is shifting from trading to holding

The dominance of Bitcoin withdrawals and the declining exchange volume momentum point to a market that's becoming more conservative.

A cautious Bitcoin market is shifting from trading to holding A cautious Bitcoin market is shifting from trading to holding 13 seconds ago · 3 min read

Bitcoin holders pivot to long-term strategy as withdrawals on exchanges overtake deposits.

3 min read

Updated: September 25, 2023 at 2:16 pm

A cautious Bitcoin market is shifting from trading to holding

Cover art/illustration via CryptoSlate

"Delving into the Bitcoin balances on crypto exchanges can reveal deep insights about the market's condition. The consistent pattern of Bitcoin withdrawals surpassing deposits since the start of 2023 paints a telling picture. The exchange volume momentum, which compares the monthly and yearly average of combined inflows and outflows, indicates an evolving investor interest in Bitcoin. But what does this shift mean for the market, and how does it correlate with Bitcoin's recent price dip? The answers may surprise you in the full Alpha article..."

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