According to a report from Crypto World Network, CryptoQuant analyst Axel Adler Jr. said that Bitcoin’s cross-exchange flow pulse indicator has risen 136% from the March low, with its 7-day moving average (SMA) for the first time in months crossing above the 30-day moving average, suggesting that the “risk appetite” state of capital flows between exchanges may be recovering from a sluggish period. However, he also pointed out that another metric has not yet formed a confirmation, and the current signal still needs further verification.

BTC-1.77%
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