Bitcoin exchange netflows turn positive as BTC trades near $80,000

Bitcoin exchange netflows turned positive for the first time since late September, indicating a notable shift in how holders are choosing to manage their assets. Data from CryptoQuant revealed that the 30-day average netflow reversed from a negative 3,950 BTC on October 18 to a positive 182 BTC by October 28. This swing occurred while Bitcoin’s price hovered close to $80,000, drawing market attention to the potential implications for near-term trends. A positive exchange netflow means more Bitcoin is moving onto exchanges rather than away from them—a dynamic often interpreted as a possible precursor to increased sell activity, since coins held on trading platforms can be more readily sold. However, CryptoQuant analysts pointed out that current exchange inflows remain far below levels observed during recent market corrections.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.