Home Cryptocurrency Biggest Bitcoin exchange inflows since 2018 put potential $20K bottom at risk By Cointelegraph

Biggest Bitcoin exchange inflows since 2018 put potential $20K bottom at risk By Cointelegraph

Cointelegraph
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Biggest Bitcoin exchange inflows since 2018 put potential $20K bottom at risk By Cointelegraph

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Biggest Bitcoin exchange inflows since 2018 put potential $20K bottom at risk

(BTC) could be on the verge of a retail major sell-off as exchange inflows spike to almost three-and-a-half-year highs.

Data from on-chain analytics platform CryptoQuant shows users of 21 major exchanges sending coins to their wallets en masse on June 14.

Bitcoin exchange netflows chart. Source: CryptoQuant
Bitcoin coin days destroyed for Binance, FTX (screenshot). Source: Ki Young Ju/ Twitter (NYSE:)
Bitcoin funding rates for Binance, FTX. Source: Coinglass