According to new research, the rise in Bitcoin (BTC) balances on exchanges may not indicate that investors are preparing to sell. Revealing the latest data from exchanges on December 28, Glassnode’s on-chain analyst TXMC highlighted changes in China as reasons for rising balances elsewhere. Binance is “absorbing” Huobi users The end of December is unnerving many traders as a range-trapped BTC price combines with more inflows to exchanges. A classic indicator that traders are at least preparing to reduce risk in the event of further price weakness, Binance is being targeted as its BTC reserves grow. At the same time,...