The total Bitcoin exchange inflows generally suggests how the local bottom is placed in the current scenario. According to Crypto Quant data, the current BTC inflow figures at the lowest since as many as 7 years. However, the general perception is that the low average might not last longer. This is considering the current market scenario around liquidity with Genesis Trading as well as the macroeconomic outlook for near future.
“Currently we are under 26k (looking at 14 days simple moving average (SMA)) daily BTC total inflows, which is the lowest since mid-2015.”
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