Exchange Flow Multiple Indicates Potential Market Upswing

According to Odaily, CryptoQuant has revealed on the X platform that the Exchange Flow Multiple indicator is currently at a low level, similar to the period before the market surge in June 2023. This could suggest that the market is preparing for another upward trend. The Exchange Flow Multiple measures the ratio between short-term (30 days) and long-term (365 days) BTC inflows and outflows on trading platforms. A decline in this indicator signifies that short-term inflows and outflows are significantly lower than long-term inflows and outflows.