Matrixport released a daily chart analysis saying that the balance of bitcoin on exchanges is still declining. From the historical performance, the balance of exchanges and prices are mostly inverse: when the balance is low, most of them correspond to the multi-level environment; when the balance rebounds, it often appears in the short stage. From the superposition of the two curves, the trend of the two in this cycle has shown a relatively obvious deviation.
As the number of institutional participants continues to grow, more and more transactions have been moved to over-the-counter (OTC) trading desks, a trend that signals the increasing dominance of institutional money and the restructuring and evolution of the Bitcoin market.
Compared with previous cycles, the current round of market trends has seen a significant change in the basic absence of retail transactions, with price movements being driven more by the entry and exit of institutional funds.
Matrixport: Exchange BTC balance continues to decline, and its bullish signals are weakening
2025-12-02 06:28:32
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