An on-chain bitcoin metric hit a surprising 10-year low, hinting at a sentiment shift

May 7, 2024 4:30 PMPublished May 7, 2024 4:30 PM

The bitcoin inflows to exchanges fell to a decade low recently, suggesting HOLDer sentiment is strong. Why do you think investors are keeping their coins in long-term storage?

On-chain data suggests that sentiment is shifting for bitcoin investors and that limits in the available supply could drive price gains.

www.thestreet.comKey bitcoin metric hits decade low after price record, hinting at momentumOn-chain data suggests that sentiment is shifting for bitcoin investors and that limits in the available supply could drive price gains.

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