Buying/Selling Pressure
On-chain indicators suggest potential Bitcoin buying/selling pressure
Last updated
On-chain indicators suggest potential Bitcoin buying/selling pressure
Last updated
This is the number of deposit wallets for all types of stablecoins flowing into all exchanges by block. If this indicator goes above 80, the price will likely be a short-term bullish, typically around 1-5%. Since one ETH block interval is 10-15 seconds, it means 80 stablecoins are deposited consecutively within 15 seconds. The signal will be stronger if it hits 80 more than two to three times.
This indicator is Bitcoin holdings in USD on all exchanges divided by stablecoin holdings. It helps to see the potential selling pressure by looking at relative power between Bitcoin and stablecoin reserves.
