🔥Currently, the weekly net inflow of #Bitcoin is at -47,000 BTC.
This negative number represents a net sell trend on exchanges, meaning that more Bitcoin is being withdrawn from exchanges than deposited.
Compared to the post-COVID-19 period, when Bitcoin prices fluctuated between $50,000 and $73,000, the current situation is significantly different. Over the past four months, the amount of Bitcoin bought has exceeded the average by more than two standard deviations.
This shows a significant increase in buying activity, despite the current price being lower than the post-COVID peak.
This discrepancy may reflect positive investor sentiment towards Bitcoin, despite the current price being lower than the previous peak.
It could also imply that many people are viewing the current price as an opportunity to accumulate Bitcoin.
