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22/07/25 05:24 UTC-04

CryptoQuant: Sharp Bitcoin Inflows to Exchanges Could Trigger Price Drop

Between July 14 and 18, Bitcoin inflows to exchanges surged by $17 billion — from $28 billion to $45 billion. A similar increase was observed during previous price peaks of the leading cryptocurrency. Back then, over several weeks, BTC worth $75 billion flowed into crypto exchanges, which eventually marked the start of a consolidation phase, CryptoQuant analysts recalled.

One of the main drivers behind the sharp rise in inflows was Bitcoin’s new all-time high above $120,000. According to analysts, large holders took advantage of the rally to lock in profits.

If this trend of increasing exchange inflows continues for a few more weeks, the market could face a deep correction, with Bitcoin potentially falling to $115,000, CryptoQuant suggested.

Earlier, Galaxy Digital’s head of trading, Michael Harvey, said that for Bitcoin’s bullish trend to continue, several conditions must be met — including sustained capital inflows into spot Bitcoin ETFs.

See also: "Bitcoin Price Today: Drops to $117K as Altcoins Retreat"

#Bitcoin (BTC) #Price drop

Editor: Yuliya Soroka
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