Analyst: Exchange inflows surged at the time of the bitcoin test of $80,000

On 30 August, CryptoQuant Analyst Darkfost stated that there had been a sharp increase in the flow of bitcoin to the exchange over the past seven days, peaking at a time when the BTC was trying to break $80,000. On a daily basis, 10,700 BTCs are in the lead, and on a daily basis, Coinbase Advanced 7,100 BTCs, Kraken and OKX over 2,000 BTCs. He noted that $80,000 represented the average cost basis for all inputs to BTC capital and was a key position in the balance of gains and losses, where many investors chose to lock in small profits or stop losses. With BTC prices coming back, the pressure on the sale is decreasing and, if the pressure continues, Bitcoin may soon retest this resistance position。