‘Net neutral’ — Rising Bitcoin exchange balances could be due to Huobi Chinese user block By Cointelegraph

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© Reuters.

(BTC) balances rising on exchanges may not be a sign of investors preparing to sell, new research argues.

Unveiling the latest data from across exchanges on Dec. 28, Glassnode on-chain analyst TXMC pointed the finger at fresh changes in China for rising balances elsewhere.

Bitcoin exchange balance vs. chart. Huobi (blue), Binance (green), combined (red). Source: TXMC/Twitter