On-сhain Weekly Report №55 (Week 4 2022)
ProudBee
May 11
The downtrend that has last for 82-days moved the Bitcoin price to $33,424 on Monday which means more that 55% correction. With an extreme fear, high negativity and elevated leverage, we can see a potential short squeeze in the near-term. The most important news of the previous week: Exchange Reserve shows the total number of Bitcoins held in the exchange.Starting from 26 of December the value continue to fall in reserve, it indicates lower selling pressure. This chart indicates the total amo...
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