Number Of Addresses Sending Bitcoin To Exchanges Hit 1 Year Low Finbold
As of December 12, the number of Bitcoin addresses sending BTC to exchanges hit a new 13-month low of 4,197.9 for the seven-day moving average (7-day MA), data provided by Glassnode indicates. Furthermore, the metric which tracks the number of unique addresses that appear as a sender in a transaction sending funds to exchanges recorded the last 13-month low on November 24, 2021, at 4,202.91. Implication of drop in Bitcoin addresses sending to exchanges The number of addresses sending Bitcoin to exchanges indicates that investors potentially prefer to hold the asset in anticipation of a new rally....