According to CryptoPotato, Bitcoin has lost all gains made after the Grayscale victory over the SEC, with thousands of BTC being sent to crypto exchanges by investors looking to capitalize on the positive news. The influx of BTC into exchanges shows no signs of slowing down, with Bitcoin's "Exchange Net Flow" (1d MA) metric reaching a 1-month high of $9.75 million, surpassing the previous milestone of $8.89 million observed on August 1st, according to Glassnode Alerts. The amount of BTC sent to exchanges has neared 370 BTC, a 4-month peak. The metric measures the overall flow of Bitcoin into and out of centralized exchange wallets, with a high positive figure indicating an increasing reserve. The US Securities and Exchange Commission's decision to postpone ETF decisions may have also contributed to the bearish sentiment among investors. Bitcoin velocity has reached a three-year low, with data from CryptoQuant suggesting that the figure currently stands at 23.80, yet to reach the historical low of 19.80. The Average Dormancy metric has also risen, implying that long-term BTC holders are inclined to sell the token to make a profit.