0xzerosix96 (zerosix96)

BTC Is Leaving Exchanges, USDT Is Loaded! Is a Big Move Coming? The Netflow data for the SPOT sections of centralized exchanges looks quite promising. Netflow shows the difference between the amount of BTC sent to exchanges (inflow) and the amount of BTC withdrawn from them (outflow). (Netflow = Inflow - Outflow) If more BTC is sent to exchanges, green bars appear in the chart below. If more BTC is withdrawn from exchanges, red bars appear instead. There can be many reasons to send BTC to exchanges, but the most common reason is to SELL. Right now, when we look at the Netflow data, we can see that there have been almost no green bars in recent weeks. This means less BTC is being sent to exchanges, and more BTC is being withdrawn. This gives a very positive and bullish outlook.

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