Analyst: BTC/USD Pair Trading Volume on CEX Continues to Decline Since July 2022, a Long-term Bullish Signal
CryptoQuant analyst Axel stated that after the LUNA crash, the weekly average trading volume of the BTC/USD pair on centralized exchanges (CEX) has been continuously declining—from a peak of 2.9 million in July 2022 to 426,000 in yesterday's trading session. This could actually be a long-term bullish signal, as the reduced supply on exchanges may instead exert upward pressure on prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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