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Analyst: Bitcoin inflows to CEXs remain at recent normal levels, with no significant sell-off pressure signals emerging during the current rebound.

1 hours ago

CryptoQuant analyst Woominkyu noted in a post that Bitcoin closed at $78,450 on September 8, after a sustained rebound from around $60,000 in early summer this year. However, there has been no corresponding significant increase in large inflows to spot trading platforms. On September 8, the top ten large inflows to spot trading platforms totaled 5,442 BTC. While this figure is 4.4 times higher than the previous day, it is only 5.1% above the 30-day average. Meanwhile, the 7-day average inflow over the past week stood at 4,678 BTC, still below multiple highs seen earlier this year. Looking at longer-term charts, this Bitcoin price rebound has not been accompanied by unusually high levels of large BTC deposits to trading platforms. This indicates, to some extent, that there is currently no clear evidence that potential sustained selling pressure is rising significantly due to large transfers. The key signal to watch next is: if Bitcoin price weakens while the 7-day average inflow to trading platforms continues to rise, it could mean growing potential selling pressure. For now, the rebound in platform deposits on September 8 appears to be a return to recent normal levels, rather than an abnormal large-scale capital inflow.

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