CryptoQuant: Last week, the market absorbed 220,000 BTC, and the net outflow from exchanges indicates that buyers are dominant
CryptoQuant analyst Axel Adler stated that the market absorbed 220,374 BTC last week, while the net flow to exchanges remained negative at -3,863 BTC.
He pointed out that despite the high inflow of Bitcoin to exchanges, the net outflow data indicates that buyer demand in the market is still stronger than selling pressure, showing that some funds are absorbing market supply.
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