The chart shows that the current Bitcoin exchange balance has hit a new multi-year low, which is generally a very positive signal, but 👇


I now suspect that the exchange Bitcoin balances seen in Asia, Europe, and the Americas are not the same data—that is, are different data being displayed by region/language (Chinese-speaking, English-speaking) or are the numbers being changed? As Asian media and KOLs are all pushing a bear market narrative, or for other reasons, both retail and large holders in these regions have been consistently selling their Bitcoin. The recent phenomenon is: Asia and Europe are selling, while Wall Street is buying.
BTC2.68%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)