CryptoQuant: Three On-Chain Metrics Signal Bitcoin Bottom Ahead of US Midterms
- —BTC exchange balances stay low despite a recent rebound
- —Apparent demand recovered from deep negative territory but remains below zero
- —Whales have built holdings to about 3 million BTC and held through the pullback
- —Markets price roughly 18% odds of a Fed rate hike in October
Why it matters: If ETF inflows and demand recover, October's correction could become the base for bitcoin's next leg higher.
Source: CoinPost