More BTC was sent to exchanges this week than at any time since March 2020.
Data from sources including on-chain analytics firm Glassnode shows exchange inflows hitting their highest since March 2020.On Sept. 14, over 236,000 BTC made its way to the 1 major exchanges tracked by Glassnode.
This was the largest single-day spike since the chaos that surrounded Bitcoin’s dip to just $3,600 in March 2020.The sell-offs in May 2021 and May and June this year failed to match the tally, suggesting that more of the Bitcoin investor base is currently aiming to reduce exposure.both centralized and decentralized exchanges put the total inflow figure for the week through Sept. 13 at 1.69 million BTC.
Orcas vomited 11.8K coins but Minnows returned by the tens of thousands, presumably because alts are beginning to crumble. Exchange flows were tame today for the first day in three, but volume was still well above average. The scent of volatility is in the air.
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