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As Bitcoin (BTC) continues to hover in the high $110,000 range, on-chain data suggests that a short-term price pullback may be imminent. That said, the broader market structure remains firmly bullish. Bitcoin Exchange Reserves Hit Near-Month High According to a recent CryptoQuant Quicktake post by contributor ShayanMarkets, BTC reserves on centralized exchanges have risen to…
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. But for the…
As Bitcoin (BTC) continues to remain range-bound between $110,000 – $115,000, data from crypto exchanges seems divided toward the leading cryptocurrency. While Binance traders are exhibiting a bullish stance, traders from other exchanges are still showing a degree of hesitation. Binance Traders Expecting Bitcoin Price Surge According to a CryptoQuant Quicktake post by contributor Crazzyblockk,…