Bitcoin and crypto showing bullish signs, a preliminary for the stock markets? by pele23

hive-167922 · @pele23 · Oct 3 '22

$4.77

Bitcoin and crypto showing bullish signs, a preliminary for the stock markets?

# Outflow from exchanges

The last few days there has been a significant outflow of Bitcoin to private wallets. Which is a highly bullish sign for Bitcoin and other crypto currency price. Crypto analyst platform "CryptoQuant" published that in the past three days alone, 61000 BTC flowed out of the exchanges into private wallets. What of course will create another dynamic because the supply side on the market will be significantly lower. This action has not been seen for months. And supports the bullish expectation for Bitcoin and Crypto in general.

![btcbalances___media_library_original_1854_1352.jpg](https://images.hive.blog/DQmfAPEj6UghGpxw4ThZimZr4ZxgAijCAN3tfDyX3ULMcWV/btc-balances___media_library_original_1854_1352.jpg)

The supply on exchanges has not been as low since August, another sign things could be turning around pretty soon.

# Bitcoin becoming a front runner of the Stock Market?

This action also supports the claim that Bitcoin could become a front runner or even a marker for the stock markets. As the S&P 500 is now at its lowest in 22 months and the Nasdaq is down 32 %, the time of return of the markets is coming closer and closer. And it could all start with Bitcoin. At least that is what some analysts believe. Bitcoin is becoming a front runner of the stock market.
The recession, mild or not, is price into the markets, and the big players are setting up their strategy to profit from the discounted prices. And so will they on the crypto market. Some analysts say it will happen first on the crypto market and then the stock markets will follow. 

It may all sound a bit like mumbo jumbo, but I really think they are correct. The risk-on assets have been punished hard, and are not so risk-on anymore, because of their discount. They will get picked up again, sooner or later. I suspect this could start in the month of October, just before the official recession starts. Which is always the moment when stock markets pick up again. The moment the recession hits the real economy, the stock market is already going back up.

Interesting times!

Sincerely,

Pele23

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@pele23/bitcoin-and-crypto-showing-bullish-signs-a-preliminary-for-the-stock-markets)

👍 alexis555, pele23, taskmaster4450le, cryptoandcoffee, zartisht, chorock, pouchon, mauromar, arunava, tomsmaid, emergehealthier, stevelivingston, btcsam, acesontop, lbi-token, onealfa, practicaleric, pixelfan, simplegame, emeka4, adambarratt, hykss.leo, manuvert, steem-holder, steemvpn, mrsbozz, ew-and-patterns, portugalcoin, mariya36, iasplan, eliel, saoirseronan, leoline, aswita, src3, moeenali, alokkumar121.leo, rezfit, lnakuma, zelegations, dfacademy-sports, phusionphil, oldtimer, sylmarill, foreverhero, khan.dayyanz, matheusggr.leo, timhorton, rodent, hivecannabis, sportsgeek, optional, lika0812, star.leo, godfather.ftw, leedsunited, battebilly, oakshieldholding, putu300, mindtrap-leo, drax.leo, guurry123, duartenunes, devilsdad, and 30 others

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