Post #2945

Exchange inflows just hit their highest levels in years. In past, every time we have seen such extreme spikes, inflows sharply cool off afterward. In March exchange Inflow peak, then through April, inflows gradually dropped while BTC consolidated near the lows. By late April to May, Bitcoin started a strong rally. We’re seeing a somewhat similar setup now. If November’s inflow peak starts to drop from here, December likely becomes a consolidation month and January can turn strong. But don't forget November has not marked the top yet, If inflows don’t come down, that’s a problem. High and sustained inflows = potential sell pressure = downside risk for BTC. For now, this is a “wait for the inflow rollover” setup. Trend flips only when inflows start cooling off.