Bitcoin Exchange Reserves Sideways this Week, but General Trend is Down

Bitcoin-Exchange-Reserves-Sideways-this-Week-but-General-Trend-is-Down

After a period of subst. net outflows of BTC from exchanges, they have been cooling off a bit over this week. BTC reserves on exchanges have barely changed or are even slightly up. Meanwhile, BTC's price has been trading somewhat choppy around the 60k range after hitting a new ATH the week before. Investors seem to be waiting for BTC's price to make a move, either way, before stepping in considering exchange balances. While we can't be sure, this might just be a stop before trend continuation.