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Analyst: The market absorbed about 220,000 BTC last week, and net exchange outflows indicate buyers have the upper hand.

PANews October 12 news, CryptoQuant analyst Axel Adler stated that last week the Bitcoin market absorbed a total of 220,374 BTC, while exchange netflow recorded -3,863 BTC.

Adler pointed out that although a large amount of BTC still flowed into exchanges during the period, the negative exchange netflow means that the amount of BTC flowing out of exchanges exceeded the amount flowing in, reflecting that buyer demand in the market was higher than seller selling pressure.

He stated that the current market is still able to absorb new supply against the backdrop of relatively high capital flows, indicating that some investors are taking on the market's selling pressure. However, exchange flows and changes in market supply and demand still need to be continuously observed to determine the direction of the subsequent market trend.

Labarai masu alaƙa

  1. Wani adireshi ya cire USDC daga Kraken sannan ya sayi fiye da ETH 15,000 a kan sarkar.

  2. Ma’aikatar Sirrin Amurka: Har yanzu ana bincike kan satar kudin dijital da aka yi wa Binance

  3. Coinbase ya sami ribar net na dala miliyan 700 a Q3, inda kusan kashi 90% na ribar ta fito ne daga hauhawar farashin kuɗi.

    Lokacin da farashin Bitcoin ya tsaya cikin wani yanayi mai iyaka, kasuwa za ta yi nazari mai zurfi kan ribar Coinbase da juriyar haɗari a matsayin kamfani.

  4. Sabon lokacin Flash Earn na OKX ya buɗe don riga-kafi na biyan kuɗi. Saka BTC ko ETH don raba USDT miliyan 1.

  5. A smart money address again transferred 100,000 VVV to Coinbase, with a total return rate of 471.2% so far.