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Glassnode co-founder: BTC exchange balance shows bullish sentiment
Bitget2025/01/09 03:58
According to Negentropic, co-founder of glassnode, on social media platforms, the BTC trading balance shows a bullish sentiment. At the end of last year, the number of BTCs entering exchanges (possibly for sale or collateral) increased, but this trend reversed in 2025. The large outflow of funds from exchanges indicates that buyers are withdrawing BTC to cold storage, which implies a mid-term HODL intention.
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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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