CryptoQuant: Bitcoin exchange outflows and cooling funding hint at recovery, but no reversal yet
- —Net 12,153 BTC left exchanges from Sept. 17-23, versus a 6,142 BTC inflow a week earlier
- —A single-day net outflow of 19,105 BTC was recorded on Sept. 22
- —Exchange BTC reserves fell 1.03% to 2.698 million from 2.726 million on Sept. 21
- —Average funding rate eased to 0.00570% and open interest dropped 10.4% to $26.29 billion
Why it matters: Shrinking exchange reserves and cooling leverage set the stage for a rebound, but a sustained spot bid is still needed to confirm a trend reversal.
Source: Blockmedia