CryptoQuant Warns Bitcoin Investors! “This Data Indicates BTC Correction!”

bitcoin And altcoinin the past week spot Bitcoin ETF There was a rally supported by applications, with BTC and altcoins posting their strongest weekly gains since March.

up to $31,000 BTCEven though he was rejected from here, he started the new week strong.

In this context, Bitcoin made a strong start to the new week and managed to stay above $30,000.

While BTC continues to hold above $30,000 CryptoQuant He said there could be a correction in BTC.

CryptoQunat analyst, noting that the Bitcoin entry into the exchanges has increased, said that per transaction on the exchanges. BTC He stated that the transaction value increased above 15 and reached 18.45.

Expressing that there is a strong correction possibility after the BTC average transaction value on the exchanges is above 15, the analyst said:

“The average of BTC inflows to exchanges has exceeded 15.0 in the last hour.

The current value is 18.45. This means that the average amount of BTC transactions per transaction flowing to exchanges is more than 18.

At this point, when the BTC transaction average is above 15 and the BTC stock market entry is triggered, there is a strong possibility of correction.”

$BTC inflow mean went above 15.0 in the last hour

“When multiple exchange inflows with a mean above 15 triggers, there is a strong possibility of a correction within the next few hours.”
by @onchain_edge

Link👇https://t.co/7U8qVTUG4t

— CryptoQuant.com (@cryptoquant_com) June 26, 2023

The analyst, who also gave advice to investors in the face of a possible correction, said that they could take profit from their current position or open a short position with low leverage.

We will be watching whether this retracement in Bitcoin, which fell to the level of $ 29,900 today, was the correction that the CryptoQuant analyst was waiting for, or if there would be another correction in BTC.

bitcoin At the time of writing, it is at $ 30,216.

*Not investment advice.