and Ethereum on CryptoQuant revealed a consistent negative flow over the past few days. This suggested that sellers rather than buyers have primarily driven the recent surge in trading volume.
Specifically, examining the Netflow metric of Bitcoin, it spiked to over -10,000 on June 7. It represented the highest flow recorded in the month. As of this writing, the Netflow remained on the negative side, surpassing 1,000.Ethereum’s Netflow also experienced a spike in negative territory on 5 June, reaching approximately -360,000, marking its highest flow for the month so far.
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