CryptoQuant analyst: Large deposits on exchanges did not surge during Bitcoin rebound, with limited selling pressure

CryptoQuant analyst Woominkyu pointed out that Bitcoin closed at $78450 on September 8th, continuing the rebound momentum from around $60000 in the summer, and the large deposit volume on the spot exchange did not increase synchronously. On September 8th, the top ten spot exchanges had an inflow of 5442 BTC, an increase of 4.4 times compared to the previous day, but only 5.1% higher than the 30 day average. The seven day average inflow was 4678 BTC, lower than several peaks earlier this year. The recent price rebound has not been accompanied by an abnormal increase in large deposit activities, and there is limited evidence of sustained selling pressure caused by large transfers.