Unprecedented Shift in Bitcoin (BTC): Hits Lowest Level in a Decade!

• Bitcoin’s entry into exchanges has fallen to its lowest level in a decade, following its all-time high of $74,000.
• Recent data shows that currency inflows have reached almost unseen low levels in nearly ten years.
• Onchain analysis platform CryptoQuant’s data shows that daily BTC entries have significantly decreased since Bitcoin’s all-time high of $73,800.

Bitcoin’s critical statistics indicate a significant change in hodler sentiment this year, as Bitcoin investment enters a new period of institutional participation.

What does the critical statistic in Bitcoin indicate?

Bitcoin investors are not in the mood to keep cryptocurrencies ready for quick sale on exchanges. According to CryptoQuant, in April and May 2024, the lowest daily entries in the last 10 years were seen in large currency accounts. On April 20, only 8,400 BTC was moved to exchanges when BTC/USD was at the levels when this news was written. Such small transfers were last observed when Bitcoin was trading below $1,000. CryptoQuant follows a large number of spot and deriva... Read the full article for FREE at COINOTAG!