Bitcoin
Bitcoin on exchanges continues to be drained people continue to buy bitcoin in ways as we’ve never seen before. The last time the lowest bitcoin balance on exchanges was 1229 days ago (2018). Bitcoin is being drained, bitcoin is a market mover. This is great for all of cryptocurrency.
Ethereum
Something that you might not be aware of ethereum is getting drained from exchanges as well. People are buying ethereum. Ethereum outflows from exchanges hit the 2022 peak as heat prices surge well they’re not surging but they are grinding up large outflows from exchanges are still considered a signal the traders aren’t looking to sell a potentially bullish sign for ethereum. Ethereum is grinding higher it is breaching resistance it is targeting higher highs. Ethereum appears to be gaining momentum is the key for a significant price movement and we can see the price action right here ethereum today is still under 1,200.
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