Analysis: Bitcoin buying was strong. Last week, the market absorbed 220,000 BTC selling pressure, and the net outflow of CEX reached 3,863

Crypto market analyst Axel Adler Jr released his opinion on October 12, pointing out that the market suffered selling pressure of 220,374 bitcoins last week, while the net BTC flow from the trading platform during the same period was-3,863, indicating that the net outflow of BTC from the trading platform exceeded the inflow. It is worth noting that despite the high scale of platform capital inflows, the overall market still showed a net outflow trend, indicating that buying power is relatively strong. <br /> <br /> On October 12, Axel Adler Jr posted an analysis on social media. Last week, the crypto market absorbed a total of 220,374 bitcoins selling pressure, while the net traffic of BTC on the trading platform was-3,863, reflecting the net outflow of BTC on the trading platform exceeded the inflow. Data shows that even if the inflow of funds is large, the market still maintains a net outflow, indicating that buying demand is of significant intensity.<br /> <br /> According to Axel Adler Jr disclosed on October 12, the crypto market absorbed selling pressure of 220,374 bitcoins last week, while the net flow of BTC from the trading platform was-3,863, indicating that the net outflow of BTC from the trading platform was higher than the inflow. This phenomenon shows that although the scale of capital inflows is considerable, the overall market still shows a net outflow, which confirms the strong demand for buying.