Ethereum [ETH], BTC was up by more than 4.5% over the last seven days. At the time of writing, BTC was trading at $27,557.89 with a market capitalization of over $537 billion.he good news was that, as per the latest data, things could get even better. Seth, a popular crypto influencer on X , revealed that Bitcoin just closed above its 20-day Moving Average for the month.
This fact was further proven by its Exchange Netflow, which revealed that BTC’s net deposits on exchanges were low compared to the 7-day average.Moreover, long-term holders’ movements in the last seven days were also lower than average. This clearly suggested that the long-term holders had high hopes forrevealed that BTC’s Funding Rate was green at the time of writing, which meant that derivatives investors were buying the coin at its higher price.
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Source: CryptoAmb - 🏆 22. / 68 Read more »