Chainalysis posted their report for the BTC market for March 2020. According to the blockchain and crypto analytics firm, exchanges have experienced a huge inflow of BTC since March 9, receiving nearly 319,000 of the cryptocurrency on March 13 alone.
However, between March 12-13, almost nine times the average daily amount of Bitcoin was sent to exchanges to be sold, causing the price to plummet to $3,000s. This represented BTC’s biggest daily drop in the last seven years.