The volume of the first cryptocurrency on centralized crypto -rhms also decreased – only 7.1% of all coins are stored on trading platforms, which is a minimum indicator since November 2018. Over the past five years, approximately 1.7 million VTS and over 15.3 million ETH have been withdrawn from exchanges.
At the same time, analysts drew attention to the increase in the activity of trading in the $ 2500 mark. The volume of transactions increased sharply, which caused the “overheating” of the market. This condition is due to fixation of profit and activation of “old” coins in portfolios.
Such behavior in the market probably precedes a short correction of the asset. After it, the air will go to the stage of accumulation until a demand appears, which will push the price of cryptocurrency above $ 2800.
Earlier, adviser to President Salvador in Bitcoin Max Keiser called the Ethrium blockchain a failure project, and any attempts by developers to improve the network are useless.
Source: Bits
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