Flow analysis shows that the market cycle is still far from starting a new trend.

Flow-analysis-shows-that-the-market-cycle-is-still-far-from-starting-a-new-trend

A positive outlook in abated inflation numbers gave a short momentum to markets, resulting in a cascade of short liquidations in bitcoin’s future markets. In fact, the liquidation volume was the highest since late July (886 bitcoin in an hour).

It was not the new and low-volume addresses but the older and larger amount of bitcoin holders who moved the market. Exchange Inflow Spent Output Value Bands, which show the value of bitcoin addresses inflows to exchanges, demonstrate a bigger amount of bitcoin addresses moved to exchanges after the inflation date was announced.

Similarly, Exchange Inflow Spent Output Value Bands (%), which shows the percentage value of the coins moving into exchanges, indicate 1K to 10K BTC holders moved their coins to exchanges more than usual on Wednesday.

Finally, our flow analysis shows that the market cycle is still far from starting a new trend. See: 
https://medium.com/cryptoquant/bitcoin-inter-exchange-flows-as-a-market-cycle-indicator-54f159367782