Migration of $BTC and $ETH from exchanges is not something traders should be too worried about as it decreases pressure on market
left various centralized cryptocurrency trading platforms, which makes it the biggest migration of funds from CEXes since 2021. Such a tendency is an indicator of a number of things.
First, the decreasing amount of assets on exchanges quite often correlates with a descending trend in open interest and overall selling pressure on the market. Once traders move their funds away from the open market, they tend to hold them longer in comparison to those investors who store their funds on exchanges' wallets.If the trend prevails, the selling pressure we witnessed back in November will descend, along with the volatility.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Price Analysis: Trades with modest gains above 1.2200 mark, 200 DMA holds the keyGBP/USD Price Analysis: Trades with modest gains above 1.2200 mark, 200 DMA holds the key – by hareshmenghani GBPUSD Fed InterestRate Technical Analysis Currencies
Read more »
The Elgin Marbles may finally return to Greece, 200 years after being removed by British nobilityThe British Museum and the Greek government are reportedly in talks about returning the Parthenon Marbles, also called the Elgin Marbles, to Greece.
Read more »
Billboard 200 AlbumsThis year's most popular albums across all genres, ranked by album sales as well as audio on-demand streaming activity and digital sales of tracks from albums as compiled by Nielsen Music.
Read more »
Body of climber recovered after 200-foot fall from El Cajon Mountain in Lakeside areaA San Diego County Sheriff's Department search-and-rescue team recovered the body; witnesses said the man was engaged in a type of rock climbing known as 'free soloing'
Read more »
Bitcoin at Discount to 200-Day Moving AverageBitcoin is trading at a discount of 22% to its 200-day moving average. Meanwhile, the S&P 500 has topped its 200-day average amid a sharp slide in the dollar index. Chart of the Day breaks down the data, presented by cryptocom:
Read more »
Car drives off 200-foot embankment into Salt River bottom, rescue underwayBREAKING: A rescue is underway near Interstate 10 and the Salt River after a car drove off a 200-foot cliff into the river bottom Tuesday night.
Read more »