HomeUncategorizedBitcoin price risks ‘major volatility’ as 10K BTC hits exchanges By Cointelegraph

Bitcoin price risks ‘major volatility’ as 10K BTC hits exchanges By Cointelegraph

July 29, 2023

[ad_1]


© Reuters.

(BTC) returned to exchanges en masse on July 27 in a sign that “major volatility” could come next.

According to data from on-chain analytics firm Glassnode, intraday BTC exchange inflows have hit multi-month highs.

Bitcoin exchange supply data. Source: Ali/Twitter
Bitcoin Balance on Exchanges chart. Source: Glassnode
Bitcoin long-term and short-term holder cost basis data. Source: James Straten/Twitter