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**Bitcoin Leaving Exchanges Like Crazy; Bullish?**
According to CryptoQuant’s latest analysis, it appears that even sellers have decided to park their finances in stablecoins instead of moving the value outside the crypto market or switching from Bitcoin (BTC) to alternative cryptocurrencies. This suggests that the market is still experiencing a lack of liquidity, indicating that selling pressure is not as strong as previously anticipated.
Meanwhile, Binance’s data has revealed an astonishing all-time high in its trading volume and user count, demonstrating the resilience of the cryptocurrency market. Despite this, CryptoQuant’s charts indicate that buying pressure on Bitcoin (BTC) remains far from exhausted.
Source: u.today
