What does Bitcoin inflow mean?

According to alerts from the on-chain data analysis platform CryptoQuant, there has been a recent inflow of 4,635.92 Bitcoins (worth approximately $484.5 million at the time of transfer) concentrated in spot exchanges. Generally speaking, for those monitoring the Bitcoin market, large-scale inflows are often seen as a signal that holders may be preparing to sell, which would increase the supply on exchanges and create downward pressure on prices.

However, in the complex world of cryptocurrency, the situation is not black and white. Although a sudden influx of funds into exchanges may indicate potential selling pressure, it is crucial to conduct a deeper analysis. On-chain data can provide valuable clues, but various possibilities must be considered when interpreting them. #鲍威尔发言 #加密概念美股 #以色列伊朗冲突 #BTC #ETH