Bitcoin exchange outflows mimic 2023 as whales buy retail 'panic'

Key points:Bitcoin exchange 100-day average netflows are at their most negative since the start of the current bull market in 2023. Exchange balances continue to plumb new multiyear lows. Whales are particularly active buyers this month, while retail shows classic “panic selling. ”Bitcoin (BTC) exchanges are evoking the end of the 2022 crypto bear market as user inflows dry up this year source: https://cointelegraph.com/news/bitcoin-exchange-outflows-mimic-2023-whales-buy-retail-btc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound