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.

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Anwani ilitoa USDC kutoka Kraken na kisha ikanunua zaidi ya ETH 15,000 kwenye mnyororo.

Huduma ya Siri ya Marekani: Bado inachunguza wizi wa sarafu za kidijitali unaolenga Binance

Coinbase ilipata faida halisi ya dola milioni 700 katika robo ya tatu, huku karibu 90% ya faida hiyo ikitokana na kupanda kwa bei za sarafu.

Kipindi kipya cha Flash Earn cha OKX kimefunguliwa kwa usajili wa mapema. Weka BTC au ETH ili kushiriki USDT milioni 1.

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