
Bitcoin's price rally to $90,000 failed to hold after 16,653 BTC were sent to exchanges, but an improving spot market suggests traders see BTC’s current pricing as discounted.
Crypto exchanges saw a surge in Bitcoin (BTC) flows over the past two days, emulating a pattern seen when the market topped in July and August 2025. A total 16,653 BTC was sent to exchanges, potentially a sign that the current sell-off could deepen.
Bitcoin researcher Axel Adler Jr. said that the atypical BTC exchange inflow occurred Tuesday and Wednesday, including 9,867 BTC on Tuesday and 6,786 BTC on Wednesday. This sharply contrasts with January’s average daily netflow range of -2,000 to +2,000 BTC.
Although the netflow has since normalized (+296 BTC), the accumulated inflows create a supply overhang near current levels. As a result, the current move toward $89,000 to $90,000 is viewed as a key resistance test.
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