đš $1.83 Billion Worth of Bitcoin Floods Exchanges â Whatâs Next for BTC? đš
In the past 72 hours, more than 63,000 BTC, worth approximately $1.83 billion, have been transferred to crypto exchanges, signaling potential selling pressure.
According to CryptoQuant, the largest inflows occurred on Oct. 7 with 28,000 BTC, followed by Oct. 8 with 23,500 BTC, and Oct. 9 with 12,000 BTC. While such inflows donât guarantee immediate sales, they often indicate investor intentions to liquidate.
These movements come amid a 50 basis-point interest rate cut by the Federal Reserve, adding uncertainty to the crypto market.
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