TechFlow, April 1 — Cryptocurrency data analytics platform CryptoQuant reported that selling pressure from short-term Bitcoin investors holding for 1-3 months has significantly decreased. Analyst @CryptoOnchain noted reduced market activity among these holders after taking profits. Meanwhile, Binance's spot trading volume dominance indicator has turned positive again, with its volume consistently surpassing other exchanges. The last time a similar pattern occurred was in January 2024, when Bitcoin price rose from $42,000 to $73,000. These two indicators may signal a shift in market sentiment.
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