Breaking News!!!
In June 2021, an update to Financial products and services policy, Google said that since August 2021, crypto related advertising in USA will be available again!!!
More detail in the link!!!
https://t.co/SMhXG1ynT0
Today let look at 2 important metrics for HODLERS!!!
1/ The #BTC exchange outflow just reached a 1 year high of 3,058 #BTC!!! Which means Whales just load more #BTC at dip price!!!
While the market is bleeding, let's look at on-chain metrics to see if it is a healthy correction. #BTC just dropped to $43K from $47K!!!
The MVRV Z-score indicates if #BTC is overpriced and the MVRV Z-score just hit the 5 month low which means #BTC is underpriced!!!
NFA
The reason for recent #BTC dump might be the fact that Miners were selling their #BTC!!!
We can hope after this sale off, miners will start accumulating #BTC again!!!