Bitcoin traders eye post-election rally as exchange outflows point to supply squeeze
Summary
Cryptocurrency market participants are closely monitoring exchange withdrawals and short positions for potential indicators of a post-election price recovery. These shifting supply dynamics suggest that traders are preparing for a significant market shift following the midterm events.
Bulls are watching short positions, exchange withdrawals and key price levels for signs of a rebound after the midterms.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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