Weiss Crypto: On-chain metrics continue to show selling pressure is fading

On March 19th, Weiss Crypto tweeted that Bitcoin holders are unmoved by the recent market volatility, but are increasing their holdings. On-chain metrics continue to show that selling pressure is fading, as HODLers aren’t moving their tokens, and the rate of outflow from exchanges continues to be much higher than in previous years. Supply is slowly but steadily decreasing. When we see any kind of increase in demand as buyers shake off their current concerns, expect prices to adjust accordingly.

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