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The Bitcoin price and the broader crypto market have struggled over the past two weeks. With further price declines, investors have started moving funds into the exchanges. 
Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) plunged to a one-month low of around $53,000 on Sept. 6, bringing strong bearish momentum to the cryptocurrency market. BTC and altcoins saw over <a href="https://crypto.news/295m-liquidated-crypto-outlook-darkens-as-bitcoin-downtrend-continues/" target="_blank">$295 million in liquidations</a> a day later.&nbsp; 
The Bitcoin price recorded mild gains again that helped the global <a href="https://crypto.news/bitcoin-and-altcoins-rise-as-nfp-data-point-to-a-large-rate-cut/" target="_blank">crypto</a> market cap surpass the $2 trillion mark. BTC is up by 0.25% in the past 24 hours and is trading at $54,450 at the time of writing. Despite the rebound, the asset’s price is still down by 15% from its local high of around $64,400 on Aug. 25. 
 You might also like: <a rel="" href="https://crypto.news/litecoin-sees-higher-whale-activity-santiment/"> Litecoin sees higher whale activity: Santiment </a> 
According to data provided by IntoTheBlock, over 7,300 Bitcoins, roughly $400 million, entered the centralized crypto exchanges as its price <a href="https://crypto.news/bitcoin-slips-below-57k-fear-and-greed-index-points-to-more-downside/" target="_blank">plunged</a> below the $54,000 mark. 
The leading cryptocurrency witnessed a one-month exchange net inflow of 10,310 BTC, worth over $560 million at the reporting time. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1200" height="800" src="https://crypto.news/app/uploads/2024/09/ITB_btc_netflows_undefined_2024-09-08T08_47_35.758Z.png" alt="Bitcoin falls below $54k, exchange inflows increase - 25" class="wp-image-14296668">
 <figcaption class="wp-element-caption">
 BTC price and exchange net flows – Sept. 8 | Source: <a href="https://app.intotheblock.com/coin/BTC/quick-view" target="_blank" rel="nofollow">IntoTheBlock</a>
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</figure> 
Data from ITB shows that whale transactions consisting of at least $100,000 worth of BTC reached a total of $68 billion over the past week.&nbsp; 
The large holders’ netflow to exchange netflow ratio is currently sitting at 1.4%, per data from ITB. The indicator shows that whales have been more active than retail wallets amid the declining Bitcoin price. 
Notably, retail addresses make up 88.4% of the total Bitcoin holders. Less than 12% of the BTC supply is held in whale wallets, according to ITB. 
 Read more: <a rel="" href="https://crypto.news/bitcoin-etfs-see-706m-in-outflows-blackrock-and-wisdomtree-buck-trend/"> Bitcoin ETFs see $706m in outflows, BlackRock and WisdomTree buck trend </a>

Bitcoin falls below $54k, exchange inflows increase

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