Bitcoin Bearish Signal: Spot And Derivative Reserves Shoot Up

On-chain data shows the Bitcoin spot and derivative exchange reserves have both shot up recently, a sign that could be bearish for the price.
Bitcoin Spot And Derivative Reserves Register Growth
As pointed out by an analyst in a CryptoQuant post, the open interest and the funding rates are also heating up in the BTC market. The “exchange reserve” is an indicator that measures the total amount of Bitcoin that investors are depositing into wallets of centralized exchanges right now.
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