CryptoQuant: Reduced daily bitcoin inflows on US Election Day may point to lower sell pressure

Daily bitcoin inflows to centralized exchanges are lower today than on previous U.S. Election Days, suggesting potentially reduced selling pressure around the event, according to CryptoQuant analysis.Short-term holders have increased their bitcoin holdings by 343,000 BTC since early October, reaching 4.25 million BTC, indicating renewed interest in the digital asset ahead of today’s election, according to an analyst.