PANews, October 12 — CryptoQuant analyst Axel Adler said the Bitcoin market absorbed a total of 220,374 BTC last week, while exchange net flows came in at -3,863 BTC. Adler noted that although a large amount of BTC continued to flow into exchanges during this period, net exchange flows were negative, meaning more BTC flowed out of exchanges than into them. This reflects buyer demand in the market outpacing selling pressure. He said the market is still able to absorb new supply amid elevated capital flows, indicating that some investors are taking on the market’s selling pressure. However, exchange flows and changes in market supply and demand should continue to be monitored to assess the direction of future price movements.

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