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'Net neutral' — Rising Bitcoin exchange balances could be due to Huobi Chinese user block
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Bitcoin (BTC) balances rising on exchanges may not be a sign of investors preparing to sell, new research argues.
Unveiling the latest data from across exchanges on Dec. 28, Glassnode on-chain analyst TXMC pointed the finger at fresh changes in China for rising balances elsewhere.
The end of December is seeing nerves fray as a rangebound BTC price combines with increased inflows to exchanges.
A classic indicator that traders are at least arming themselves to de-risk in the event of further price
Read more on cointelegraph.comAbout this in other media
Bitcoin price slumps as Kazakhstan Internet black-out hits crypto miners euronews.com /2 years ago
Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan: Report cointelegraph.com /2 years ago
Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan cointelegraph.com /2 years ago
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