Analyst: 30-Day Moving Average Trading Platform Inflow/Outflow Ratio Shows Continued Increase in Bitcoin Demand

CryptoQuant analyst Darkfost has published a chart analysis showing that the 30-day moving average (30DMA) trading platform inflow/outflow ratio shows that demand for bitcoin remains high, despite the fact that the price is trading in a wide range of $90,000 to $105,000, according to the analyst. When the ratio falls below 1, it indicates that outflows are outpacing inflows, which is generally seen as a bullish signal by professional investors. Essentially, the lower the ratio, the stronger the underlying demand. Historically, when the ratio enters a high-demand zone, Bitcoin typically experiences a short-term rally. However, it is worth noting that some of these outflows could be attributed to regular asset transfers from centralised exchanges to custodian wallets (ETFs, institutions, OTC counters). (Cryptoquant)