Summary
- An analysis has found that a large amount of Bitcoin has flowed into exchanges.
- Over two weeks, about 20,000 BTC were deposited into exchanges, amounting to approximately $2.4 billion.
- Large deposits of coins into exchanges can lead to increased selling pressure and greater short-term volatility.
An analysis has suggested that a large amount of Bitcoin (BTC) has flowed into exchanges.
On the 26th (local time), cryptocurrency analyst Ali Martinez announced on X (formerly Twitter) that "20,000 BTC have flowed into crypto exchanges over the past two weeks," adding that "this amounts to approximately $2.4 billion."
Typically, large deposits of coins into exchanges can lead to increased selling pressure, which may cause greater short-term volatility.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
