Wu Blockchain (@WuBlockchain): BTC Exchange Net Inflows Hit 30-Day High
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- BTC-60Negative
BTC Exchange Net Inflows Hit 30-Day High CryptoQuant analyst Woominkyu said Bitcoin exchange net inflows rose to 9,905 BTC on April 27, the largest single-day net inflow in the past 30 days, as BTC struggled to break above the 78K USD resistance zone. The Exchange Whale Ratio rose to 0.707, the highest in over a week, meaning the top 10 inflow transactions accounted for more than 70% of total deposits. Exchange reserves also increased from 2.666 million BTC on April 25 to 2.677 million BTC on April 28. Woominkyu said BTC may retest the 74K–75K USD support zone in the near term if the inflows are not quickly absorbed.