A Record $168M in BTC Flows into Exchanges as Profit-taking Continues

The recent excitement in the crypto market cooled off after BTC faced rejection at $50K on August 26. According to coinmarketcap, the price of bitcoin slid to as low as $46,457 on Thursday. However, bulls finally regrouped to halt any further losses.  Will Clemente, the Lead Insights Analyst at blockwareteam, predicted that a rejection at $50K was coming. According to his analysis, Clement forecasts that some profit-taking would happen at that level. The young analyst explains that the whales caused…