Bitcoin traders are uninterested in keeping BTC on hand to sell on exchanges, new data shows.
) exchange inflows are plumbing lows not seen in the nearly a decade, the latest data shows.show daily BTC inflows declining significantly since Bitcoin’s $73,800 all-time highs.Bitcoin traders are in no mood to keep coins available for quick sale on exchanges.
On April 20, when BTC/USD was around the same levels as at the time of writing, just 8,400 BTC flowed into exchanges. The numbers reflect a significant shift in hodler sentiment this year, as Bitcoin investment enters a new era of institutional involvement., appetite for increasing exposure to BTC has persisted despite short-term BTC price volatility — including last week’s trip to $56,500.Market observers continue to flag positive events tied to Bitcoin whale cohorts.
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