Analyst: Market Absorbed 220,000 BTC Last Week, Exchange Net Outflows Show Buyers in Control

Odaily: CryptoQuant analyst Axel Adler stated that the market absorbed 220,374 BTC last week, while exchange net flows remained negative at -3,863 BTC.

He noted that despite the relatively high volume of Bitcoin inflows to exchanges, the net outflow data indicates that buy-side demand still outweighs sell-side pressure, suggesting that some funds are absorbing market supply.