TechFlow News: On April 16, CryptoQuant reported that as Bitcoin surged above $76,000, a large volume of BTC flowed into cryptocurrency exchanges, indicating “short-term selling pressure” in the market. Data shows the hourly inflow to exchanges temporarily spiked to 11,000 BTC—the highest level since December last year—while the average deposit size rose to 2.25 BTC, the highest since July 2024. CryptoQuant noted that the realized price near $76,800 may act as resistance for this rally, as traders nearing their break-even points may have stronger incentives to sell.
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