This $BTC chart might be more important than the price chart: bitcoin supply is being withdrawn from exchanges at an all-time-high pace.
— Luke Martin (@VentureCoinist) January 20, 2021
Historically, bull cycles have ended AFTER liquid supply change flips positive (🟡)
That flip has not happened yet.
h/t @glassnode pic.twitter.com/NYWzlCdHAY