Bitfinex: 39K BTC Left Exchanges Between September 22 and 29
- —About 39,000 BTC left exchanges from September 22 to 29
- —The outflow coincided with a period of price stability
- —Trading volumes remain low as traders await clearer signals
- —Flows have turned mixed recently, raising the risk of renewed selling
Why it matters: Coins leaving exchanges tighten available supply and can support prices, but a reversal in flows would signal renewed selling pressure.
Source: Coinfomania