On December 2nd, 10x Research pointed out in a report released recently that bitcoin balances on cryptocurrency exchanges have reached an all-time low, and on-chain data shows a sharp decline in the number of bitcoins available for purchase. The report said that this was in sharp contrast to the trend in late summer, when sudden inflows temporarily replenished exchange reserves.
The North Composite 50 closed down 7.6%. Despite its recent strong performance, changes in market style and external market volatility may slow the rally in the short term.