Tarekonchain assessed BTC’s Exchange Depositing Addresses indicator and found that since the peak of the last BTC cycle, the indicator has trended downwards. This indicator is commonly used to assess the activity and liquidity of assets on exchanges.
When an asset’s Exchange Depositing Addresses indicator trends upward, it suggests that more participants in the market are actively depositing and trading the cryptocurrency on exchanges. Conversely, a fall indicates a decreased interest in trading that particular asset.“Exchange Depositing addresses indicator has reached its lowest bottom level, indicating that investors are showing minimal interest in moving their Bitcoin assets to exchanges.
While it is common for the MDIA to grow as investors HODL, if this metric continues to rise for an extended period, typically months, it suggests a concerning level of stagnancy within the coin’s network. This type of stagnancy often makes it hard for a coin’s price to break any psychological price points.
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