left various centralized cryptocurrency trading platforms, which makes it the biggest migration of funds from CEXes since 2021. Such a tendency is an indicator of a number of things.
First, the decreasing amount of assets on exchanges quite often correlates with a descending trend in open interest and overall selling pressure on the market. Once traders move their funds away from the open market, they tend to hold them longer in comparison to those investors who store their funds on exchanges' wallets.If the trend prevails, the selling pressure we witnessed back in November will descend, along with the volatility.
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Bitcoin at Discount to 200-Day Moving AverageBitcoin is trading at a discount of 22% to its 200-day moving average. Meanwhile, the S&P 500 has topped its 200-day average amid a sharp slide in the dollar index. Chart of the Day breaks down the data, presented by cryptocom: cryptocom FCF_Bsc is working hard to revolutionize the way we spend our money by helping the adoption of cryptocurrencies as a form of payment. Load your FCFPAY Visa card with cryptocurrencies and use fcfpay Check out the entire FCF_Bsc ecosystem now cryptocom If you're HODLing you're not trading. No trade means no challenge to value. So what's the real price? More like $6K. cryptocom This discount makes me very happy. It makes me spend more usdt to buy bitcoin
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