Wu learned that CryptoQuant analyst Axel Adler Jr stated that the Bitcoin cross-exchange flow pulse indicator has risen 136% from the March low, and its 7-day moving average (SMA) has crossed above the 30-day moving average for the first time in months, indicating that the "risk appetite" in the flow of funds between exchanges may be recovering from a downturn. However, he also pointed out that another indicator has not yet been validated, and the current signal still requires further confirmation.

BTC-0.89%
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