Analyst: Market Absorbed 220,000 BTC Last Week, Exchange Net Outflows Show Buyers in Control
CryptoQuant analyst Axel Adler stated that the market absorbed 220,374 BTC last week, while exchange net flows remained negative at -3,863 BTC.He noted that despite the relatively high volume of Bitcoin inflows to exchanges, the net outflow data indicates that buy-side demand still outweighs sell-side pressure, suggesting that some funds are absorbing market supply.
