Amid the death-cross narrative doing the rounds, the crypto’s price was on the verge of settling below the $30k range on 8 June.
Opining on the recent price action, on-chain technical analyst Will Clemente recently stated that Bitcoin had a “funny” week as it kept ranging sideways and reacted in an utterly unexpected fashion.
Highlighting an interesting non-on-chain trend, Clemente noted that Bitcoin has been reacting “a bit differently” to news for a while.
As indicated in the above chart, most of the exchanges have digested their BTC inflows after the plunge, except for Bitfinex.
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