Bitcoin ‘held up very well’ despite biggest exchange inflow since March 2020 crash

Cointelegraph

Published May 14, 2021 02:43AM ET

Updated May 15, 2021 02:20AM ET

Bitcoin (BTC) has performed “very well” as traders have been sending more coins to exchanges than at any time since the March 2020 crash.

Data from on-chain monitoring resources CryptoQuant and Glassnode shows that BTC exchange inflows hit a one-year high on Thursday.

Bitcoin exchange net flows chart. Source: Glassnode
Bitcoin exchange inflows chart. Source: Ki Young Ju/Twitter

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