Bitcoin Worth $3.54 Billion Sent to Crypto Exchanges in One Month, Analyst Reveals
In the last 30 days, Bitcoin (BTC) holders moved approximately $3.54 billion worth of BTC to digital asset exchanges. According to on-chain analyst Ali Martinez.
Martinez, who shares insights with his 67,000 followers on X, reported that 58,956 BTC were transferred in June when Bitcoin was trading around $66,000. Currently, BTC is valued at $60,143. The analyst highlighted a shift in investor sentiment. Noting that Bitcoin’s accumulation trend score—indicating whether large entities are buying or selling. Shows an increase in accumulation, suggesting bullish sentiment.
Additionally, he pointed out that Bitcoin’s weighted sentiment hit a four-year low on July 5th, dropping to -2. Which was last seen during the Covid-19 crash in March 2020 when BTC briefly fell below $4,000 before surging to a high of $69,000.
Clever Robot News Desk 15th July 2024
