Analyst says BTC exchange inflows near multi-year lows, with selling pressure still limited

Analyst says BTC exchange inflows near multi-year lows, with selling pressure still limited Bitcoin has remained weak, but exchange flow data has yet to show clear selling pressure, according to on-chain analyst Axel Adler Jr. BTC is currently trading around $64,000, and about 60,000 BTC flowed into exchanges over the past month, Adler said. That was about 24% below the average for the past year and near the lowest level in years, indicating potential sell-side supply moving to exchanges has not yet increased clearly. Adler added exchange flows remain in a neutral zone, showing neither rising selling pressure nor a supply shortage, and on-chain data alone still lacks clear evidence to support a directional view on Bitcoin’s price.