Analyst: Exchange BTC Inflow/Outflow Ratio Drops to 0.97, Bullish for Long-Term Holding

PANews, October 4 - CryptoQuant analyst Darkfost noted that the BTC inflow-to-outflow ratio on exchanges is showing a trend favorable for BTC accumulation. Currently, the monthly average of this ratio stands at approximately 0.97 and continues to decline. This indicates that the current market phase is dominated by outflows, which is a positive signal. When large amounts of BTC leave exchanges, it suggests that some investors tend to convert purchased BTC into self-custody for long-term holding.