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Santiment says Bitcoin (BTC) has a bearish metric.

Credit: Freepik

Between September 7 and September 13, Santiment reports that 1.69 million Bitcoin (valued over $33 billion at the time of writing) were transferred to exchanges.

Credit: Freepik

According to Santiment's data, this is the largest weekly increase in incoming currency since October 2021.

Credit: Freepik

According to research released by Santiment in 2021, cryptocurrency prices decline by an average of 5% after significant increases in exchange inflows.

Credit: Freepik

The analytics business monitored the price changes of 1,000 crypto assets having a market valuation of at least $1 million to arrive at that conclusion.

Credit: Freepik

Santiment observed this week that crypto traders don't seem to be interested in purchasing the decline, which is indicative of widespread uncertainty and concern in the market.

Credit: Freepik

Cryptocurrency investors seem to have become used to the frequent and dramatic price decreases caused by inflation fears after yesterday's huge plunge.

Credit: Freepik

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