Data: Approximately $2.6 billion in BTC flowed into exchanges in a single day, marking the largest inflow since April.
Oct 24, 15:42
On October 24, according to Cointelegraph, approximately 32,380 BTC flowed into exchanges in a single day, valued at about $2.6 billion, marking the largest single-day inflow since April this year.
Following the previous surge in Bitcoin inflows of a similar scale, the BTC price peaked within a few weeks. Large-scale exchange inflows may indicate rising potential selling pressure, but depositing assets to exchanges does not equate to actual sales, and historical trends do not imply this will repeat.