Bitcoin Bullish Signal: Exchange Depositing Addresses Now Lowest Since 2016

On-chain data shows the Bitcoin addresses depositing to exchanges have continued their decline recently, a sign that could be bullish for the price. Bitcoin Exchange Depositing Addresses Now At Lowest Since 2016 As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Exchange Depositing Addresses metric has plunged recently.

Source: bitcoinist.com

Related symbols: BTCUSD