On-chain data shows exchange inflows related to Bitcoin and Ethereum have shot up alongside the recent downturn in the market.

Bitcoin & Ethereum Have Seen High Exchange Inflows During Past Week

In a new post on X, on-chain analytics firm CryptoQuant has discussed about the latest trend in the Exchange Inflow for Bitcoin and Ethereum. The “ Exchange Inflow ” here refers to an indicator that measures the total amount of a given asset (in USD) that’s entering into the wallets connected to centralized exchanges.

When the value of this metric is high, it means investors are making large deposits to these platforms. Generally, holders transfer their coins to exchanges when they want to use one of the services that they provide, which can include selling. As such, a sharp spike in the met

See Full Page