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CryptoQuant: Bitcoin Exchange Inflow Ratio Hits 7-Year Low, Facing Short-Term Selling Pressure

Summary: According to reports from CryptoQuant, a blockchain data analysis platform, Bitcoin's 30-day moving average exchange inflow ratio has dropped to the lowest level since May 2018. Analysts at CryptoOnchain warn that this significant decrease in the indicator suggests that the Bitcoin market may face significant selling pressure in the short term.

According to reports from CryptoQuant, a blockchain data analysis platform, Bitcoin's 30-day moving average exchange inflow ratio has dropped to the lowest level since May 2018. Analysts at CryptoOnchain warn that this significant decrease in the indicator suggests that the Bitcoin market may face significant selling pressure in the short term.

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Link: CryptoQuant: Bitcoin Exchange Inflow Ratio Hits 7-Year Low, Facing Short-Term Selling Pressure [Copy]

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