in the last 2 days we have seen how bitcoin collapses due to the recent situations that occur in europe. russia and ukraine in tension due to conflicts between these two countries.
What will be the fate of the market with the increase in fear between these conflicts? Many of us know that this moment is crucial for new investors, who would like to enter a bear market and thus be able to acquire cryptocurrencies at a low cost.
After several days of seeing the market in general recover little by little, we are once again in tension and fear, although we can only ask God that everything that is happening between Ukraine and Russia be resolved soon, many migrants and many injured in this confrontation, only what you bring is consequences to those affected.
However, in the current market, there is an outflow of BTC at a rate that the study calls "non-trivial." "Across all the exchanges we track, BTC flows from exchanges to investors' wallets at a rate of 42,900 BTC per month." Said BTC net outflow trend has been sustained for around 3 weeks (in red, on the chart), supporting the current price rebound from recent lows of $33.5k, according to the study.
This indicates that among investors the accumulation of BTC predominates, with a view to a rise in the medium and long term. While some of them hold short positions to take profits by betting on a longer bearish phase
Let's just hope that all the tensions between these countries and the deep fear that exists in the market decrease considerably and so BTC can resume its upward course
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