Bitcoin: Are investors bullish despite BTC’s correction?

Derivatives investors were still buying BTC as its price dropped.price touched an all-time high on 6th March as its value went above the $69k mark. However, the trend changed soon as the king of cryptos’ price fell substantially.

, at the time of writing, BTC was trading at $64,488.27 with a market capitalization of over $1.27 trillion.from IntoTheBlock, large Bitcoin holders increased their holdings by 4177 BTC in the last seven days, worth more than 279 million at current prices. To see what is actually going on around BTC, AMBCrypto took a look at the coin’s on-chain metrics. As per our analysis of CryptoQuant’sAdditionally, BTC’s net deposit on exchanges was also high compared to the last seven-day average. These two metrics suggested that selling pressure was high on the coin.However, when we checked Satiment’s data, a different story was revealed. We found that BTC’s supply on exchanges went down.

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