Backcom.io Global

$BTC is heading towards a key resistance, which is the $41k - $42k zone. If it can break this resistance, we will enter a new bull cycle IMO.

$SRM update: 1st target done ✅

$OGN update: 1st target done ✅ Congrats everyone!

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We are seeing massive $BTC outflows (coins leaving exchanges) over the last 24 hours as the price has continued to test the $40K resistance. This is either institutional purchases for custodial holding OR internal exchange wallet transfers. Likely a combination of both due to the time concentrations of the transfers and $BTC reserves plummeting. Exchanges do not move this much #BTC without significant reason. Supply is reducing and demand is increasing. I suspect $50K will be tested very soon.

Kimchi premium comes down to zero Data: CryptoQuant

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Finally #Bitcoin Fear and Greed index is neutral after a long time 👀

Binance Introducing Binance Tax Reporting Tool API https://www.binance.com/en/support/announcement/57d68e2a247744aa980ab82f6708522d

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