Bitcoin exchange netflows turn positive as BTC trades near $80,000

Bitcoin exchange netflows turned positive for the first time since late September, indicating a notable shift in how holders are choosing to manage their assets. Data from CryptoQuant revealed that the 30-day average netflow reversed from a negative 3,950 BTC on October 18 to a positive 182 BTC by October 28. This swing occurred while Bitcoin’s price hovered close to $80,000, drawing market attention to the potential implications for near-term trends.

Source: CoinTurk News