Ethereum, Bitcoin, On-Chain Outlook Edition #16 (26/11/2021)
Q's prepared your Friday crypto reading 🚀 Read tonight's analysis covering bearish pressure, supply and what to look out for on-chain 👇
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Reduced positions On-Chain, Bitcoin down 10k - 100k holders
As the markets prepare to leave the month of November, it seems to be yet another moment of price discovery and all-time highs (ATH) across both assets - Bitcoin & Ethereum.
However, an analysis of on-chain metrics from Qluster Data Labs uncovers remarkable information and renders insight into possible developments in the short to medium-term.
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Supply on Exchanges
Before addressing the current on-chain perspective, note that from November 11th - and arguably in conjunction with an ATH - the market experienced a sell-off across all major cryptocurrencies.
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