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Bitcoin Inflows to Binance Drop to 2020 Low as Investors Opt for Hodl

Bitcoin Inflows to Binance Drop to 2020 Low as Investors Opt for Hodl

BlockBeats News, April 13th, according to CryptoQuant data, Binance’s Bitcoin inflows have dropped to 2020 levels.

Analyst Darkfost pointed out: “Investors are not intending to transfer BTC to exchanges for selling. Instead, they seem to prefer a holding strategy, which structurally reduces short-term selling pressure.”

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