$BTC whales are hedging losses by peculiarly taking futures positions according to analytics platform cryptoquant_com
The levels of this indicator to watch out for are BTC Inflow means greater than 2.5 BTC and Outflow means greater than 10 BTC. These levels mark BTC local bottoms. However, he admonished traders to also use other on-chain indicators such as Net Unrealized Profit/Loss , Puell Multiple, Market Value to Realized Value , and BTC Hashrate, adding that investors can alternatively dollar cost average into the market.
to be contributing to the massive drop in the exchange reserves of BTC which has fallen to 8.7% of the total circulating supply.
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