Centralized Exchanges See 18,528 BTC Net Inflow in 7 Days

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 8 hours ago

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Net Inflow Analysis: Centralized exchanges recorded a net inflow of 18,528.47 BTC over the past week, a significant movement that may indicate potential selling pressure in the market, particularly under close scrutiny from traders and analysts.
Diverse Inflow Purposes: The reasons for BTC inflows to centralized exchanges are varied; besides preparation for selling, they may also include collateral deposits for margin or futures positions, internal treasury movements by exchanges, and routine settlement activities, reflecting the complexity of market participants' behaviors.
Market Structure Context: With growing institutional participation through spot ETFs and treasury strategies, inflow data signals not only retail selling pressure but also the expansion of financial product activity, adding complexity to market dynamics.
Combining Inflows with Market Signals: A single inflow reading needs to be analyzed alongside price action, trading volume, and market sentiment, especially when inflows coincide with elevated trading volumes and declining prices, as this enhances the interpretation of selling pressure.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	69576.953	71933.277	74515.123	76871.447	79453.293	81809.617	84391.463
Fibonacci	71933.277	73819.658	74985.066	76871.447	78757.828	79923.236	81809.617

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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