Analyst: Exchange Inflows Surge as Bitcoin Tests $80,000

On August 30, CryptoQuant analyst Darkfost stated that over the past seven days, Bitcoin exchange inflows have surged sharply, peaking as BTC attempted to break above $80,000. Binance recorded average daily inflows of 10,700 BTC, leading the market, followed by Coinbase Advanced with 7,100 BTC daily, while Kraken and OKX each saw inflows exceeding 2,000 BTC. Darkfost noted that $80,000 represents the average cost basis of all BTC investments, making it a key breakeven level where many investors choose to lock in small profits or cut losses. As BTC's price pulls back, selling pressure is weakening, and if the sell-off continues to ease, Bitcoin may soon retest this resistance level.