CoinScoopAnalyst: Limited potential sell pressure as large BTC exchange inflows remain stable
CryptoQuant analyst Woominkyu reported that despite Bitcoin's rebound to $78,450 on September 8, large inflows to spot exchanges have not surged significantly. Daily inflows to the top ten exchanges reached 5,442 BTC, which is only 5.1% above the 30-day average. The seven-day average inflow of 4,678 BTC remains below previous peaks, suggesting that the recent price recovery is not accompanied by abnormal deposit activity that would indicate sustained sell pressure.
Summaries are written by AI from the original article. Not investment advice.