Selling pressure might hit the crypto market with more than $3 billion worth of $BTC moved on exchanges this week
While the cryptocurrency market was going through a strong rally after the summer of 2021, exchange reserves were constantly remaining low with no funds being moved to be sold on the market. The only period during the year in which traders took profits was July, when exchanges faced a massive spike in reserve inflows.According to exchange balances, more than 65,000 BTC have been moved to exchanges in the last seven days.
inflows, exchanges are also facing inflows from such coin holders as Tether, Mana, DAI and other stablecoins.
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