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RE: Bitcoin Miners-to-Exchange flow spikes by 46%, but that is no reason to panic

in LeoFinance4 years ago

Thanks for pointing that out. You're right it was July 9th. I found it can be rather inaccurate to use time periods from the past and extrapolate them to the future. It's variable just like the fractals. What it shows to me is that there definitely was a correction very briefly and it is a possibility for it to occur again. But it is just one of many indicators. Like you often point out the general outlook is quite positive :)

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Yep there was a correction, but it was within the first month post halving, most likely related to a "sell the news" type of event. We are now getting close to 3 months post halving this time around, and the event is likely fully digested by the market now. A drop at this point would have to be more due to a black swan type of event rather than how it occurred the last time... at least in my opinion anyways. :)