CryptoQuant: Bitcoin exchange reserves increased over the past week, with most inflows coming from short-term holders

ChainCatcher message, CryptoQuant data shows that Bitcoin exchange reserves have increased over the past week.

CryptoQuant's research director Julio Moreno stated that the increase in total Bitcoin reserves on exchanges mainly comes from the rise in reserves at CEXs such as Binance, OKX, and Bitfinex, denying claims that it is related to entities like the German government selling Bitcoin wallets.

Moreno said, "This may be related to increased trader activity, as most Bitcoin inflows come from short-term holders, and it seems unrelated to the Bitcoin sold by the German government."