Analysis: Bitcoin buying pressure is strong, with the market absorbing 220,000 BTC in selling pressure last week, and CEX net outflows reaching 3,863 coins.

BlockBeats news, October 12: Crypto market analyst Axel Adler Jr. posted that last week the market absorbed 220,374 BTC in sell pressure, while net exchange flows during the same period were -3,863 BTC, meaning more BTC flowed out of exchanges than in.

Despite the high volume of inflows, the market still showed net outflows, reflecting relatively strong buy-side demand.