One thing is for sure. If Bitcoin holders are afraid that BTC will crash again back to $6,000, $3,000 or even print a price chart that indicates it has more room to downtrend, you will definitely see more BTC in exchanges.
But that is not the case.
I believe, just like I am, Bitcoin has enough crashing: a long bear market with three major crashes. The last one was a support tester with that panic selling that briefly brought the price to $3,000-level. Plus of course, the halving. It does not compute if there is any future to cryptocurrencies, the price will crash to below mining profits again.
TLDR; It's bullish.
Anyway, I'm speculating we will see more btc in exchanges once the price reaches ATH at $20,000.
But that is not the case.
I believe, just like I am, Bitcoin has enough crashing: a long bear market with three major crashes. The last one was a support tester with that panic selling that briefly brought the price to $3,000-level. Plus of course, the halving. It does not compute if there is any future to cryptocurrencies, the price will crash to below mining profits again.
TLDR; It's bullish.
Anyway, I'm speculating we will see more btc in exchanges once the price reaches ATH at $20,000.