Low Exchange Flow Multiple Signals Potential BTC Market Upswing: Analyst Insights

On September 30, COINOTAG reported that CryptoQuant officials, citing analyst AxelAdlerJr, noted on social media that prior to the market uptrend in June 2023, the Exchange Flow Multiple indicator was at a low value. Presently, this indicator remains at a subdued level, which might suggest the market is gearing up for another upward rally. The Exchange Flow Multiple is a measure comparing short-term (30-day) and long-term (365-day) Bitcoin inflows and outflows on trading platforms. A decline in this indicator implies that short-term inflows and outflows on trading exchanges are considerably less than their long-term counterparts.