Analysts: Bitcoin Exchange Inflows Surge as BTC Tests $80,000
CryptoQuant analyst Darkfost noted that Bitcoin exchange inflows have risen sharply over the past 7 days, peaking as BTC attempts to break through $80,000. Binance leads with an…
CryptoQuant analyst Darkfost noted that Bitcoin exchange inflows have risen sharply over the past 7 days, peaking as BTC attempts to break through $80,000. Binance leads with an average daily inflow of 10,700 BTC, followed by Coinbase Advanced at 7,100 BTC daily, while Kraken and OKX each saw over 2,000 BTC. He pointed out that $80,000 represents the average cost basis of all capital invested in BTC, a key breakeven level where many investors choose to lock in small profits or cut losses. As BTC price pulls back, selling pressure is weakening; if sell-side pressure continues to ease, Bitcoin may soon retest this resistance level.
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