The exchange inflow metric tracks the overall incoming BTC supply from custodial wallets with the intention to offload at centralized exchanges.
In fact, compared to the Q4 2024 BTC price surge that attracted 81K BTC in sell-off, the current pump saw pressure dip further to 18K BTC.
As expected, the breakout has seen new BTC price calls in the mid-term. Charles Edwards, founder of crypto VC Capriole Investments, projected that BTC could extend the rally to $150k-$180k in H2 2025.
“I lean towards a major new price expansion trend commencing here, with a 50-70% gain over the next 6-months being a reasonable base case for me based on the data I look at. That would take us to $150-180K.”
He added that his projection would be weakened if BTC dips below $110K and invalidated if it drops below $105K.
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