[Analysis] "Tether Moves Out, Bitcoin Moves to Exchanges... Short-term Bearish Outlook for Bitcoin"
Uk Jin
- It was reported that Tether was transferred out of exchanges and Bitcoin was deposited into exchanges, raising the possibility of a short-term bearish outlook for Bitcoin.
- According to CryptoQuant contributor onatt, this outlook is based on on-chain data analysis.
- It is expected that this downturn will be merely a short-term correction.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
An analysis has emerged predicting a short-term bearish outlook for Bitcoin (BTC).
On the 26th, CryptoQuant contributor onatt reported through a report that "recent on-chain data captured Tether being transferred out of exchanges. Meanwhile, about 15,000 Bitcoins were deposited into exchanges."
He further explained, "These two phenomena indicate the possibility of a short-term decline in Bitcoin. However, this downturn is expected to be merely a short-term correction."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.PiCK News
US January ISM Non-Manufacturing PMI 52.8…"Below Expectations"
2 hours ago
US January Service PMI Final at 52.9, Slightly Exceeds Market Expectations
2 hours ago
US Job Market Starts Strong This Year... Will Fed's 'Cautious Rate Cut' Gain Momentum?
2 hours ago
U.S. January ADP Nonfarm Employment at 183,000... Far Exceeds Wall Street Expectations
3 hours ago
Today, Major Exchanges See Inflow of 130 Billion USDC... "4 Times the Average Annual Daily Inflow"
5 hours ago
Ranking News