6.17 On-chain Data Analysis

Today, stablecoins slightly flowed out of exchanges due to the tense situation in the Middle East showing no signs of easing. Before there is sustained inflow of stablecoins, it is recommended to remain cautious and not to enter the market blindly. Today, Bitcoin continued to flow out of exchanges. Although there was a slight correction affected by macro factors, no significant inflow was observed. This indicates that Bitcoin holders are more optimistic about Bitcoin's future. For those brothers who want to get in, it is advised to consider dollar-cost averaging into Bitcoin and buying dips, then holding patiently. Now is not the time for altcoins!