Huobi Drives Lower Exchange Balances As we’ve noted in previous Daily Dives, one of the most interesting on-chain trends over the last two years is the secular shift in the trend of exchange balances. Since March 2020, total balances on exchanges have fallen by nearly 630,000 BTC, roughly a 20% decline. Typically bitcoin leaving exchanges is a bullish macro indicator for price and adoption, as now that bitcoin can’t be sold or exchanged on the market.
Despite reading the entirety of your analysis, TLDR summary helps a lot, big up !
just waiting for the ground to clear; engines are already in neutral and warm. ready to fucking go.