Share of 6–12 month old bitcoin sent to exchanges falls to 4.4%
- —Exchange inflow share of 6–12 month old BTC: 40.4% in June, 3.7% in September, 4.4% in October
- —Monthly movement of these coins ranged from 143,700 to 216,500 BTC
- —Exchange inflows do not equal sales; actual sell volume cannot be derived from them
- —IT Tech says peak buyers have largely stopped selling, but new demand remains weak
Why it matters: Lower exchange inflows suggest selling pressure from late buyers is easing, but without fresh demand it offers little fuel for a rally.
Source: TokenPost