Bitcoin Inflows to Exchanges Near 50K BTC Daily, Approaching $60K Support Level

BTC0.66%
ETH1.04%
According to CryptoQuant, Bitcoin inflows to centralized exchanges reached close to 50,000 BTC daily last week, marking the fourth time this year the level was reached. The uptick coincided with Bitcoin testing the critical $60,000 support level; a breakdown could see Bitcoin move toward the $53,000 realized price. Average inflow size doubled from 1 BTC to 2 BTC over the period, driven by whales and institutions rather than retail traders. Bitcoin rose 3.5% this week to $62,886, while Ethereum climbed nearly 12% to $1,787, with ETH daily inflows peaking at 1.25 million.
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