One notable source of selling pressure on Bitcoin is ebbing, buttressing arguments that the token is due at least a temporary reprieve. Fewer Bitcoins are being moved to exchanges from so-called cold wallets -- offline stores of the digital asset -- for potential sale, according to data from analytics firm CryptoQuant. The seven-day average of such flows dropped to 92,470 tokens Tuesday from a weekend peak of 137,326. The latter was one of a string of elevated readings for much of last week that accompanied a slump in Bitcoin to $17,600 on Saturday, the lowest since November 2020. When the exchange inflow metric was ... (full story)