analysis by On-chain Farsi about Symbol BTC on 2/11/2023

2- The speed of bitcoin circulation on the network is declining. In the market history of the speed of circulation and shifting of Bitcoin on the market price, the market price increased gradually; But now we see that despite the rise in prices, the speed of bitcoin circulation on the network has declined further. Therefore, it can be said that many whales or micro -traders have not yet entered the transactions. The two factors mentioned may prevent further price rise. In addition, from the Fannat -e -Market perspective, the SEC delays ETF Bitcoin's ETF confirmation, and some corporate traders do not operate in the market due to security issues and restrictions on Kraken's currency exchange. It was also more difficult to invest in the Bitcoin market if faced with an economic record. Diagram link Author: mac_d #Analysis_writer @Cryptoquant_fa