On-Chain data shows, Bitcoin's selling momentum is weaker, why?

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According to Santiment, Bitcoin (BTC) sales force is declining as more funds are being transferred out of the Exchange (or “Exchange Outflow”). What impact will it have on the Bitcoin price? The data revealed that the increase in Exchange Outflow has caused Bitcoin sales on the exchange to decline because many Bitcoin holders (or "Whale") deposit Bitcoin on the exchange only when they want to sell it. Therefore, as more Bitcoin flows from the exchange, it means that those whales decided to transfer Bitcoin out, resulting in less BTC on the exchange, and less sales force. Bitcoin is coming to a big point. Bitcoin is heading for a critical spot: braking over $ 20,000 in order to head into the bullish phase again or Bitcoin might enter its phase. Consolidation Phase again Santiment analysts say that Bitcoin has reversed to $ 18,750, possibly because investors transferred BTC out of the exchange.They said: "Bitcoin returned to $ 18.75k about 30 minutes ago, possibly due to BTC being transferred out of the exchange. This trend began to resurface during Thanksgiving when coins or crypto assets were hit." Transfer to an offline wallet Signaling that investors do not want to sell coins " However, the drop in supply of Bitcoin on the exchange does not guarantee that sales force will not increase in the future. Because investors can deposit Bitcoin back on the exchange whenever they want to sell it. Another CryptoQuant online segment shows that investors are still depositing BTC on the exchange. However, the inflow of Bitcoin on the exchange is also affecting the market. Crypto trader Sinjin Smith said: “Having a lot of inflow into the exchange suggests that the market may sideway / bearish Shows that investors of Whale are moving [....] " Institutional investors have more confidence in BTC. Institutional investors have grown their confidence in bitcoin more and more recently, MicroStrategy. It announced another $ 50 million investment in Bitcoin after purchasing approximately $ 425 million worth of BTC over the past several months. Increasing institutional trust in BTC may make investors less inclined to sell BTC, but analysts say that BTC will begin to volatility again and a correction could happen soon.

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