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Bitcoin- Selling pressure is finally beginning to ease for BTC – Here’s why!
Bitcoin’s recent price drop coincided with large inflows into exchanges. However, this trend is starting to flip.
At press time, Exchange Netflow was back to negative territory, down to -303.67 BTC, while the 7-day cumulative sat at -1232 BTC. This reversal implies that fewer people are taking their coins off of exchanges immediately to sell.
Additionally, as sellers sold less aggressively, derivative conditions also got better.
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