High Bitcoin inflows to centralized exchanges have prompted predictions of further bearish momentum on social media.
Bitcoin inflows to centralized exchanges have surged, prompting bearish speculation the crypto markets could be building up to a violent wash-out.Lex Moskovoski, CIO at Moskovoski Capital, shared data showing that 22,917 BTC was transferred onto centralized exchanges in a single hour on May 18. Moskovoski noted the hourly inflow was the largest since the March 2020 “Black Thursday” crash.22,917 #Bitcoin in a single hour were deposited to exchanges yesterday.This hourly inflow is rivaled only by the March, 2020 crash.People are scared. pic.twitter.com/uH4lBL6Onk— Lex Moskovski (@mskvsk) May 18, 2021
With outflows from exchanges typically being inferred as indicating crypto assets are being moved into cold storage for security or DeFi protocols for yield generation, inflows are interpreted as assets being
Źródło: https://cointelegraph.com/news/btc-sinks-to-40k-bitcoin-inflows-to-centralized-exchanges-surge
