[Source: CoinGape, Date: Today] Bitcoin saw a surge in exchange inflows, with a net $262.75 million deposited into exchange-connected wallets, the first significant deposit since May 27th.
Despite the typical bearish implications of such inflows, Bitcoin's price has risen, indicating strong demand. This suggests that the market is absorbing the potential selling pressure.
Short liquidations also increased, with a spike from $105K to $359K in just 4 hours, potentially supporting the rally. Bitcoin is currently trading around $107,900, up over 3% in the last week.