I remember in the last 6 months hearing news like that several times just before the price dropped.
These news have to be analyzed together with another indicators. It might be that people are gathering their BTC on exchanges in order to dump them. And once the price started to move down another people that hold their crypto on exchanges may consider selling their coins. Have no idea why someone may consider growing amount of holders on centralized exchanges as a positive sign.
^^ And also history shows that April is an ugly month for Bitcoin so I don't see any bullish momentum despite the data that is being presented here.
On the other hand, as you have said, crypto most of the time follow stock movement. And stock is not doing very well as well, indicating that we might be in the bearish trend as we enter next month or even the rest of the year.
On the other hand, as you have said, crypto most of the time follow stock movement. And stock is not doing very well as well, indicating that we might be in the bearish trend as we enter next month or even the rest of the year.
So you wanna say crypto got seasonality?
