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Bitcoin (BTC) and Ethereum (ETH) Bulls Struggle to Shift the Market Dynamic in Their Favor, AMBCrypto Investigation Reveals

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王林Original
2024-07-01 21:59:19752browse

Bitcoin [BTC] and Ethereum [ETH] bulls struggled to shift the market dynamic in their favor. The large losses of the past ten days meant that the price

Bitcoin (BTC) and Ethereum (ETH) Bulls Struggle to Shift the Market Dynamic in Their Favor, AMBCrypto Investigation Reveals

The exchange net flows metric provides valuable insights into the market. When the flows are positive, it indicates that inflows are greater. This, in turn, is a sign of potential selling pressure on the asset, as it implies participants are sending the crypto to exchanges to sell them.

Values below zero mean that outflows are greater, which is a good sign for buyers. It indicates that market participants are withdrawing their assets from exchanges, likely to place them in safer storage, and indicates accumulation.

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