Bitcoin ‘held up very well’ despite biggest exchange influx since March 2020 crash By Cointelegraph

Bitcoin ‘held up very well’ despite largest inflow of currencies since March 2020 crash

(BTC) has performed “very well” as traders have sent more coins to the exchanges than at any time since the March 2020 crash.

Data from on-chain monitoring resources CryptoQuant and Glassnode shows that BTC exchange entries hit a one-year high on Thursday.

Bitcoin exchange net flow graph. Source: Glassnode
Bitcoin exchange flow graph. Source: Ki Young Ju / Twitter