This week the amount of Bitcoin deposited into the exchange is ~12,000 BTC

This week, the amount of BTC deposited into the exchange was ~12,000 BTC - completely different from the withdrawal amount of 27k BTC last week.

To explain this week's deposit, on May 23, Bitcoin was dumped below $66k2, causing short-term holders (less than 155 days) to react strongly.

Data from Glassnode indicates the group sent more than $1 billion worth of Bitcoin, or about 15,000 BTC, to exchanges at a loss, the highest since May 2.

Besides, Bitcoin ETF also has a very positive flow - a series of 10 positive days. Total inflows to all ETFs to date are nearly $13.7 billion.