Bitcoin observes a few different bearish signals going off despite strong recovery above $44k, could it be a dead cat’s bounce?
On-Chain Data Shows Bitcoin Miners Have Started Selling, Funding Rates Have Turned Negative
As explained by a CryptoQuant post, a bunch of bearish Bitcoin signals have gone off despite some fresh movement up.
A downtrend in the metric’s value suggests miners have started sending their Bitcoin to exchanges for selling purposes.
the Bitcoin exchange reserve, an indicator that measures the total number of coins present on wallets of all centralized exchanges.