Bitcoin Sees 210,900 BTC Exchange Outflows This Week Amid Repair and Selling Pressure

BTC4.08%
According to CryptoQuant analyst Axel Adler Jr, Bitcoin experienced significant exchange outflows of approximately 210,900 BTC this week, reflecting persistent selling pressure even as the market recovered from its $60,000 low. The analyst noted that the current price rebound is primarily driven by short-covering rather than new demand, as accumulated short positions from the past month are being liquidated and providing temporary support. Despite the recovery, structural selling pressure remains, and miner stress is beginning to emerge, signaling that the market is in a transition state of repair and deleveraging in parallel.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments