On-chain metrics show mixed signals: altcoin and miner BTC selling suggest bearish pressure, but strong stablecoin inflows and institutional participation point to bullish momentum.
Macro & Markets ·
On-chain data shows altcoins flowing into exchanges at elevated levels while miners have sharply increased Bitcoin sales following recent price gains, a pattern historically associated with bearish conditions according to CryptoQuant. Countering this signal, stablecoin inflows to exchanges remain strong and institutional investors are the primary participants in the current rally, which CryptoQuant identifies as historically bullish indicators.