The crypto analyst tweeted that BTC exchanges had net outflows for the fourth day in a row, with small net outflows compared to previous days. Both net inflows and net outflows from exchanges in the past 3 months were less than the period from March 2021 to October 2021.
Both bulls and bears have been rather lukewarm on Bitcoin since the $69,000 top, likely due to the uncertainty introduced by the Federal Reserve and a sell-off in the stock market. Interestingly, ETH has seen net outflows throughout 2021, with a significant net inflow only starting in the most recent month.