The Bitcoin trading net position change indicator rose to 31,382.43 BTC on Sunday, the highest level since May 11
According to blockchain analysis company Glassnode, the net position change indicator for Bitcoin transactions (which measures the amount of tokens held in wallets for specific dates compared to the same date four weeks ago) rose to 31,382.43 BTC ($1.16 billion) on Sunday, the highest level since May 11. This brings the total balance held by exchanges to 2.35 million BTC. Inflow into exchange wallets is widely seen as representing investors' intentions to liquidate their holdings, potential selling pressure, or deploying tokens as collateral in futures and options markets.
CoinDesk data shows that BTC, calculated by market value, rose 7.5% this month, continuing the 28% increase in October. (Coindesk)
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