#Bitcoin supply and price jolts? On-chain data helps traders stay ahead of upcoming movements. Take a look for example what happened before the all-time-high.
The trend of available #BTC for sale dropped by a massive 20k within hours - and long before hitting its price peak. And such trends can be seen quite often indicating price direction. Basic supply and demand - before assets hit exchanges.
And don't forget - new sign-ups to our exchange will get free access to the very impressive @glassnode and a $50 deposit bonus. Read more here: welcome.zubr.io/glassnodes/
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#Bitcoin supply began to squeeze in October 2020 when looking at available supply on exchanges, according to data by @glassnode. Last year saw over 600k #BTC leaving exchanges. 1/7
But for anyone taking notice of what's happening with #USDT would have noticed the signs very early on. Exchange balances for Tether broke the $2bn as the sell-off took place in March. But they remained on exchanges waiting to buy once again. 2/7
By the end of the year, Glassnode data shows that the amount of Tether sitting on exchanges had doubled versus the start of the year. 3/7