I don’t know why, but seeing this data makes me even more confident about the future!!! The dip is temporary, the rise is the real trend for the future! Among the top five exchanges, two are Chinese and three are foreign. Interestingly, during the past month’s dip, only the Chinese exchanges saw a significant net inflow of BTC, while the three foreign-dominated exchanges showed a significant outflow trend. I have reason to believe that this recent dip is due to Chinese traders selling off, while foreign traders are accumulating. This is a great sign. If this is true, then it’s unlikely we’ll see those long and deep bear markets again. Instead, it makes me believe even more in the idea of a long and steady bull market!