Sands are shifting quickly in the world of cryptocurrency.
And signs of that are everywhere.
Bitcoin has just seen record buying as the value returned to six-week highs.
A report on data from on-chain analytics firm CryptoQuant shows more Bitcoin leaving major exchange market Binance in a single day than ever before.
Experts have warned crypto sharks that a macro bottom may not have occurred, but it’s clear that speculators believe an upturn is coming soon, and investors are rushing to snap up Bitcoin above $20,000.
The largest exchange ever by volume on Binance came on October 26, with more than 55,000BTC (USD 1.1B) moving in a single day.
It doesn’t change the overall bear market for crypto, but it’s a sign that things are still evolving quickly in crypto.