Fund Flow Ratio Decreases, Indicating Potential Bitcoin Bull Market: CryptoQuant
In recent news, a report by CryptoQuant has highlighted a significant decrease in the Fund Flow Ratio metric, a metric that tracks the total amount of BTC flowing into or out of an exchange, divided by the total amount of BTC transferred across the entire Bitcoin network.
This metric provides insight into the number of transactions taking place through an exchange and can indicate selling pressure from large traders, also known as “whales.” When these whales transfer BTC to exchanges, it can increase the Fund Flow Ratio.
However, the current trend appears to be moving in the opposite direction, with the Fund Flow Ratio decreasing. According to the report by CryptoQuant, this could be an indication of a potential bull market for Bitcoin.
Historically, a breakout of the uptrend of the 30MA of the Fund Flow Ratio has signaled the beginning of a bull market for Bitcoin. The current decrease in the Fund Flow Ratio metric could potentially be the start of another such bull market.
While it’s important to note that this metric is just one of many indicators used to predict market trends, it is worth keeping an eye on as it may provide some valuable insight for traders and investors in the cryptocurrency market.
Overall, the recent report by CryptoQuant serves as a reminder that the cryptocurrency market can be highly unpredictable, and it’s always important to keep up with the latest news and trends to make informed decisions. As always, caution and due diligence should be exercised when making any investment decisions in the volatile cryptocurrency market.
Read more:
- PlanB, The Creator Of Stock-To-Flow (S2F) Model: Bitcoin Price Is Still On Track To Hit $135,000 By December 2021
- PlanB Explained Bitcoin Journey From A Proof-Of-Concept To A Mainstream Financial Asset