Bitcoin is attempting to break above $16,000. In 2020, stable coin flows to exchanges have been positively correlated with bitcoin price, evidenced by the chart using a 100 day moving average (white line). Stablecoin flows to exchanges has been positively correlated in 2020. cryptoquant.comMiner flows to exchanges have been historically negatively correlated with bitcoin price, evidenced by the chart using a 100 day moving average (white line). Miner flows to exchanges has been historically negatively correlated to bitcoin. In fact, technically Bitcoin now finds itself within a relatively wide range of $13900-$17100.”Bitcoin monthly close was the highest ever.

Source: Forbes November 11, 2020 20:37 UTC