✨More money is deposited into all exchanges, while funds are boosting the activities to lower tokens in their portfolios. This is very confusing since the interest of big funds in crypto seems to be insignificant, but they are implementing it to send more stable coins on exchanges.
✨CDD Index suddenly rocketed recently and American authorities have just announced that they are holding 3,6 billion dollars of Bitcoin. DePocket suspects that these events are related to each other.
✨What are big institutions doing? Let’s discover it with DePocket.
✨Look at one of the biggest fund portfolios – Grayscale fund portfolio in the first picture, you can see that this fund has sustainably considerably been releasing its tokens out of the portfolio. This would mean that this reliable big fund is not intrigued by expanding its crypto balance and is likely to cash out.
✨According to the BTC All Exchanges Netflow in the second picture, there is no signal showing that more digital assets as BTC are sent onto exchanges to sell, and this is contrary to the phenomenon when more money is deposited on the market based on on-chain data. We will see the money flow of stablecoins rising in the next analysis.
✨Stablecoins Exchanges Reserve Index in the third picture shows a constant tendency of escalating over a long-time period lasting from around 22nd of Jan until now. The DePocket team thinks that Funds in particular and Whales, in general, are selling their tokens through OTC channels, then cash money out to implement future trading and prepare to buy the dip later on.
✨The CDD Index in the fourth picture has just observed a shocking flash rise in its value. When this figure increases, it indicates that some BTC coins are moving, and most are involved with selling activities. In this case, DePocket perceives that it is just a normal reaction of the CDD Index when American Authority moved a great number of BTC which is equivalent to approximately 3,6 billion dollars – the BTC quantity which was confiscated from a criminal about a couple stealing BTC from the Bitfinex Exchange.
✨The MPI Index in the fifth picture is the next variable that we are going to check. This is a highly recommended data to refer to since it reflects the BTC miners’ business. When this Index increases, it warns that miners are prone to sell their BTC, and the crypto market is able to fall into the winter. In fact, for a long-time period, this Index has remained at a low value, which would accordingly strengthen the belief that the uptrend season is still happening.
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