ICYMI: CryptoQuant CEO says anemic on-chain data makes Bitcoin 'safe' from sale-side liquidity BTC $BTC
According to Young Ju, he has seen no significant Bitcoin on-chain activities in the last seven days, which shows the lack of liquidity and trading volume on the market. While the absence of volatility can be a painful thing to watch and experience, some investors might be happy to hold a relatively stable asset.
The only notable data that we saw previously was the distribution of funds on miner-related wallets and rising selling activities. The main source of selling pressure that comes from miners is the price of Bitcoin that does not allow them to keep mining operations
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