DeDFL 🎩
@deepliquidity
Bitcoin exchange flow trend flips bearish Bitcoin flows between derivative and spot exchanges are the latest cause of alarm for those seeking bullish BTC price continuation. https://cointelegraph.com/news/bitcoin-price-metric-red-analysis-warns-bearish-phase
1 reply
0 recast
0 reaction
DeDFL 🎩
@deepliquidity
Using the so-called Inter-Exchange Flow Pulse (IFP) metric, CryptoQuant contributor J. A. Maartunn revealed a dip in the volume of coins flowing between the two types of crypto trading platform.
1 reply
0 recast
0 reaction
DeDFL 🎩
@deepliquidity
“When a significant amount of Bitcoin is transferred to derivative exchanges, the indicator signals a bullish period. This suggests that traders are moving coins to open long positions in the derivatives market,” he explained in a “Quicktake” market update."
0 reply
0 recast
0 reaction