Investors are now cautiously optimistic, as a decrease in bitcoin transfers to and from exchanges reflects. GWilliamsJr_CMT writes
Bitcoin transfers to and from crypto exchanges have fallen, signaling that markets remain cautiously optimistic about the market.
Net transfer volume, which was recently updated by analytics firm Glassnode, presents a visual snapshot of coins sent to or removed from centralized exchanges, categorized by size. By looking at past trends it can help market observers determine what investors are likely to do in the future. The recent drop implies that investors may be reluctant to make a call in either direction at the moment.
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