On-Chain Update: Price Drop Causes And Long-Term Metrics

On-Chain Update: Price Drop Causes And Long-Term Metrics

After a volatile week for bitcoin’s price, what can on-chain data tell us about the price drop, long-term HODLers, liquidity and more?Another volatile week in the books for bitcoin, with the price ranging between a new all-time high of $61,788 down to $53,221. There are several developments on chain that are worth diving into.Bitcoin Moved Off Of ExchangesBitcoin have continued to be pulled off of exchanges, now down 41,215 ($2.42 billion) in just the last 30 days. There are several factors that have been speculated to be the causes of this:Increase of awareness of the importance of cold....


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