Bitcoin exchange outflows mimic 2023 as whales buy retail 'panic'

">" alt="Bitcoin exchange outflows mimic 2023 as whales buy retail 'panic'">Key points:Bitcoin exchange 100-day average netflows are at their most negative since the start of the current bull market in 2023.Exchange balances continue to plumb new multiyear lows.Whales are particularly active buyers this month, while retail shows classic “panic selling.”Bitcoin (https://cointelegraph.com/bitcoin-price

. “During the April volatility, these wallets continue to accumulate, and have now added over 53.6K BTC since March 22nd.”Bitcoin 10 BTC+ balance data. Source: Santiment/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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