$BTC ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐๐ผ๐ป๐ด ๐ง๐ฒ๐ฟ๐บ ๐๐๐น๐น๐ถ๐๐ต
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After the Luna collapse, average weekly trading volumes for the BTC/USD pair on CEXs have been declining -from a peak of 2.9 million in July 2022 to just 426K as of yesterdayโs session.
This can be seen as a long-term bullish signal, as it reduces the available supply on exchanges, which in turn puts upward pressure on the price.
โ ยฉ Cryptoquant
